DP World Sokhna has hit 10-years in operation and marked the milestone by announcing it’s major expansion project that will bring DP World’s total investment in Egypt to US$1.6 billion is almost complete.
The expansion, known as ‘Basin 2’, is anticipated to be operational by early 2020, doubling the port’s capacity to 1.75 million TEU.
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The cost of the expansion is roughly US$520 million and comes after the UAE and Egypt agreed to support a $20bn joint strategic platform to invest in a range of vital sectors and assets, with ports and economic zones being an integral driver for global competitiveness and economic prosperity.
The 10-year anniversary event of DP World Sokhna, was held at the Nile Ritz Carlton hotel in Cairo.
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