Turkey's finance minister to visit Egypt for first time in 9 years    Finland and Sweden formally apply to join NATO alliance    Shell acquires Block 3 in North East El-Amriya, Egypt    Egypt's foreign inflows grow 30% since pound correction move in March – c.bank governor    Twitter board eagers to close Musk's deal, despite spam pots percentage    Saudi Arabia prolongs Yemen central bank's deposit    Egypt Knauf launches its first training centre in Egypt    Egypt uncovers official logo for COP27    Noura Al-Mutair – first Gulf female boxer in World Championships    Egypt unveils 50 pound coin minted to mark Avenue of Sphinxes grand reopening    Liverpool fans: "You'll Never Walk Alone" to Cristiano Ronaldo    Hot, rainy weather hits Egypt this week    COVID-19 in Egypt: infections fall to 124 cases last week    Realme announces Global Photography Contest 2022    Egypt to play key role in integrating water, climate issues globally – World Bank official    Egypt's telecoms regulator announces working hours for holy month of Ramadan    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



DP World Sokhna to announce timetable for development of second basin in Ain Sokhna
Published in Daily News Egypt on 10 - 05 - 2017

The CEO of DP World Sokhna, Ajay Singh, said that the company is now preparing a timetable to implement the constructions of the second basin in the Ain Sokhna port, noting that all obstacles have been resolved.
He added that the company has an ambitious plan to develop the port of Ain Sokhna as one of the most important Egyptian ports, pointing out that the next phase includes the establishment of an integrated logistics area and a general cargo terminal.
DP World Sokhna is trying to introduce new services at the port in October. Singh said in previous remarks that the company aims to start passenger transportation services and host roll-on/roll-off ships at the port.
He added that the company believes that the new passenger lines will attract European tourism, noting that it will operate a line once a week, starting at Aqaba, leading to Ain Sokhna, and ending at Sharm El-Sheikh.
He pointed out that the company has achieved a 1% growth in the market share of handling cargo last year, adding that the company invested $1bn from 2008 until now at the Ain Sokhna port alone.
Moreover, Singh said that the port of Ain Sokhna deals with goods that are being imported to or exported by Egypt, and not those which are transiting for distribution to other countries, as in East Port Said, referring to several shipping lines leaving the East Port Said area due to the high fees imposed on maritime activities.
DP World Sokhna deals with 14 global shipping lines, including CGM-SMA, PIL, APL, MAERSK, COSCO SHIPPING, WEC LINES, and HAPAG-LIOYD.
Singh noted that delivering the second basin at the port will be done according to a timetable currently being negotiated with the Suez Canal Economic Zone.
The port capacity reached 14 million tonnes of cargo in 2016.


Clic here to read the story from its source.