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Mon 7 May 2018 06:35 PM

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DP World-led group to bid for Egypt cargo hub contract

New inland container depot will be developed in Egypt's 6th of October City

DP World-led group to bid for Egypt cargo hub contract

A DP World-led consortium is aiming to develop a new inland container depot in Egypt’s 6th of October City, a satellite town in the Giza Governorate and part of the urban area of Cairo.

A memorandum of understanding (MoU) has been agreed by DP World, Egypt’s Holding Company for Maritime and Land Transport and the Suez Canal Authority.

The three partners will bid for the government contract for the project later this year. The proposed depot will increase the flow of cargo between ships and major land transportation networks in the country, creating a central distribution point.

Under the MoU, DP World will lead and represent the alliance in the bidding process and become the operator if the tender is won.

DP World Group chairman and CEO, Sultan Ahmed Bin Sulayem, said: “Developing trade infrastructure to improve hinterland access for goods bound for Africa’s growing economic needs is essential. This collaboration builds on our strategic partnership with Egypt and we look forward to working with the SCZone and the government’s Holding Company for Maritime and Land Transport to make it happen."

Suez Canal Economic Zone chairman Admiral Mohab Mamish, added: “This is a constructive step toward realising the strategy of the Egyptian government in developing its marine and dry ports infrastructure. It follows the expected future growth of global trade, and the directives of the country’s political leadership in preparing Egypt’s ports to keep pace with changing global trends."

DP World signed a partnership agreement with SCZone last year to develop an integrated special economic zone in Ain Sokhna, in Egypt.

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