Swiss logistics company MEDLOG is set to begin construction on the first phase of the 10th of Ramadan dry port and logistics hub, located east of Cairo, at an estimated cost of 2 billion Egyptian pounds ($65 million), a board member of Egypt’s General Authority for Land and Dry Ports told Al Manassa.
Under a 30-year concession granted by Law No. 162 of 2024, signed by President Abdel Fattah El-Sisi in January, MEDLOG will finance, build, operate, and maintain the facility through its Egyptian subsidiary.
The government will receive 10% of annual cargo handling revenues, plus a fixed fee of $1 million annually for commercial operation rights, set to begin in early 2028, the board member explained to Al Manassa.
The first phase will cover 189,000 square meters of a planned 1 million square meter total footprint, with trial operations expected by June 2027. This is slated to align with the launch of the Al-Rubiki–10th of Ramadan–Belbeis freight railway line, which will span 63.5 kilometers and connect the port to surrounding industrial zones.
In April of this year, Egypt had signed an executive agreement with France to the tune of €215 million, €70 million of which cover pre-approved loans to the Egyptian government to construct the freight line.
The company has also applied for a golden license from Egypt’s General Authority for Investment, aiming to expedite securing all necessary permits and approvals by year-end.
The initial phase will support an annual capacity of 100,000 containers, handling goods across sectors such as textiles, food products, electronics, auto parts, and non-hazardous construction materials, the official revealed to Al Manassa.
The 10th of Ramadan port marks Egypt’s second dry port project operated by a private consortium. The first, a $60 million facility in 6th of October City, was developed by a joint venture composed of El Sewedy Electric (70%), SLP Logistics Properties (20%), and Schenker Egypt (10%) under a build-operate-transfer (BOT) model.
