DP World, Egypt on Expansion of Sokhna Port
By Aiswarya Lakshmi
Sunday, April 9, 2017
DP World and Egypt's General Authority for Investment and Free Zones (GAFI) have 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.
DP World’s chief executive Sultan Ahmed bin Sulayem and GAFI CEO Mohamed Khodair have discussed the next phase of development in Ain Sokhna. The development will increase the capacity of Sokhna port, which sits south of the Suez Canal on the Red Sea on a maritime trade route from Asia to the Middle East and beyond.
Sultan bin Sulayem cited Egypt's strategic location and other assets as drivers of investment and international trade in the coming period.
The majority of Egypt-bound cargo from the east is imported via Sokhna. DP World Sokhna supported by more than 50 related businesses in 40 countries across six continents.