DP World Sokhna recently celebrated its 10th anniversary by announcing it is near to the completion of a major expansion project that will bring DP World’s total investment in Egypt to US$1.6 billion. Basin 2 will be operational by the second quarter of 2020 and will virtually double capacity at the port to 1.75 million teu per year. The expansion will consolidate DP World Sokhna’s position as a major gateway for Egypt’s trade, and strengthen its position as the only port in the country capable of handling the world’s largest container ships.
Built at a cost of US $520 million, the expansion into Basin 2 includes a 1.3 km long quay, of which 400m will be operational in Phase 1, and a 350,000 m2 container yard. According to DP World, the project is one of the largest direct investments in the Egyptian economy this year.
DP World Sokhna’s Basin 1 is already operational, with a capacity of 945,000 teu annually. It also operates Basin 3, a liquid bulk facility which is a major gateway for Egypt’s energy imports.
A special 10th anniversary event for DP World Sokhna was held at the Nile Ritz Carlton hotel in Cairo, on Tuesday November 19th. It was attended by H.E. Hisham Tawfik, Egyptian Minister of Public Enterprise Sector, H.E. Engineer Yahya Zaki, chairman of the Suez Canal Economic Zone as well as other guests.