DP World plans to invest in Suez Canal project


DP World is expected to invest in some of the ventures to be offered as part of Egypt’s Suez Canal Development Project.

Speaking to Logistic, DP world deputy CEO, Ibrahim Alhammandi said that the UAE-based terminal operator was planning to make an international bid offer for the second berth of Al Sokhna Port.

The company plans on investing up to US$600 million in addition to building a logistics zone on a total area of 500,000 square metres for container storage facilities.

Furthermore, Alhammandi suggested that DP World also plans to carry out works on the Sokhna third birth, set to exceed $200 million.

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