Prime Minister Ahmed Nazif and DP World Chairman Sultan Ahmed Bin Sulayem today signed an agreement between DP World and the Red Sea Ports Authority that clears the way to double the size of DP World’s container operations in Sokhna Port.
The new terminal at Sokhna Port, which is located at the southern end of the Suez Canal, will have a quay length of 1,300 meters and a capacity of 1.75 million TEU, more than doubling DP World Sokhna’s existing capacity to match the rapid increase in volumes at the port, according to a statement on AMEinfo. It is anticipated the new capacity will be available within four years.
The new agreement extends the concession awarded to DP World Sokhna to 35 years after the construction of the new terminal.
