UAE's DP World, Egypt plan Sokhna port expansion

Dubai-based ports operator DP World is planning to increase the capacity of Egypt’s Sokhna port located south of Suez Canal, off the Red Sea coast, Egypt’s official State Information Service reported.

Sulayem said Egypt’s strategic location – on a busy maritime trade route connecting Asia to the Middle East and further to Europe – can be a driver for investment and support international trade.

Khodeir said the Egyptian parliament will soon ratify an amended legislation on investments as part of the government’s efforts to attract more foreign investments.

DP World Sokhna is part of the operator’s portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents, UAE news agency WAM said.

Most of the cargo from the east destined for Egypt is imported via Sokhna, the closest port to the Egyptian capital, Cairo.