The Suez Canal Economic Zone (SCZone) and Suez Steel have signed a $120 million deal to develop and operate dry cargo handling facilities at the Port of Adabiya. Under the agreement, Suez Steel will be allocated an area of 30,000 square meters and will operate and maintain berths 4 and 5 at the port. In addition, a special area will be created for the storage and transportation of raw materials and products for the iron and steel industry.
Adabiya Port is one of the most important centers of international trade with its strategic location connecting Asia and Africa. Adabiya is one of the leading ports in Egypt in the field of dry and liquid cargo transportation, making significant contributions to the economy and the development of trade. This agreement aims to further strengthen the port's role in international trade.
The port's infrastructure is being further strengthened with modernization works. In the first stage, it is planned to increase the length of the quay to 1,200 meters and to serve ships with a depth of 17 meters and a capacity of 150 thousand tons. These steps will increase the capacity and competitiveness of Adabiya Port.
Comments
No comment yet.