China’s Jiangsu Port, Shanghai Huanji plan $400 mln terminal in Egypt – Cabinet

Egypt said on Monday it discussed a proposed container terminal at Ain Sokhna Port with Chinese firms Jiangsu Port Logistics Group Co., Ltd. and Shanghai Huanji International Logistics Co., Ltd., with an initial investment of $400 million.

The project would have a planned capacity of 2 million containers, according to a Cabinet statement following a meeting between Deputy Prime Minister for Economic Affairs Hussein Eissa and Chinese investors.

The talks were held in the presence of Suez Canal Economic Zone (SCZONE) Chairman Waleid Gamal El-Dien.

The statement said the proposal is part of broader cooperation between Egypt and China in ports and logistics, with Cairo positioning the SCZONE as a regional trade hub linking Asian manufacturing to African and European markets.

No timeline for the project was announced.

Attribution: Amwal Al Ghad English