Egypt's Ministry of Transportation is reviewing an offer from a consortium of three local companies to manage and operate a chemical cargo terminal at Ain Sokhna Port for 30 years, with an initial investment of $150 million in superstructure works, a ministry source told Al Manassa.
The terminal, which spans approximately 1,400 meters with 630,000 square meters of adjacent storage yards, would be the first such facility operated by an Egyptian firm at Sokhna since the port's overhaul began in 2021.
“The offer is currently being reviewed and evaluated by several government bodies, as this type of project requires precise expertise and specialized machinery tailored to the nature of the cargo,” the source said.
In May, Abu Dhabi Ports Group submitted a competing proposal to manage, operate, and maintain the Alexandria Port's passenger terminal—spanning about 35,0000 square meters—for 15 years, renewable for a similar period.
If approved, the Egyptian consortium would join a growing list of new operators at Sokhna Port, including a global shipping alliance of HPH, COSCO, and CMA CGM, which won a 30-year concession to run a 2.6-km container terminal.
Abu Dhabi Ports also signed a deal to operate a 1,060-meter roll-on/roll-off terminal with 930,000 square meters of handling yards.
Since 2021, Egypt's transport ministry has invested in a sweeping redevelopment of Sokhna Port. Upgrades include four new basins and berths, 18-meter-deep dredging, 9.6 million square meters of cargo yards, and 5.3 square km of commercial and logistics zones.
The port is also linked to Egypt's high-speed electric rail network, including a 33-km rail line connecting to the Sokhna-Marsa Matrouh line, enabling cargo transport across the country.
