PORT SAID, Egypt, May 10 (MENA) – Prime Minister Moustafa Madbouli inspected on Saturday the Suez Canal Container Company (SCCT) at the East Port Said harbor within the framework of his tour of the integrated East Port Said zone.

The visit is meant to follow up on the company’s activities and projects there.

He was briefed about the current development works made by the company.

Ashraf Abdel Shafi, Head of projects and development department at the company, said the Suez Canal Container Terminal is distinguished by its unique location at the northern entrance of the Suez Canal, with an area of approximately 1.2 million square meters and a quay length of 2,400 meters, with investments amounting to dlrs 1 billion.

Kareem Tayeb, supervisor of the new extension project of the SCCT, said under the Egyptian state's vision to grant incentives for investment and attract more foreign investments, the Suez Canal Container Terminal company signed a concession agreement with the Egyptian state.

This culminated with the President's signing of Law No. 165 of 2023, granting the commitment to finance, design, construct, operate, and maintain the second terminal to the Suez Canal Container Terminal company, he added.

About 955 meters are added for the quay's total length to approximately 3,400 meters, with additional investments amounting to dlrs 500 million.

This will make the terminal the largest in the Eastern Mediterranean region, with a handling capacity of 7 million containers. (MENA)

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