Dubai’s DP World to bid for Egypt container project with gov partners

Dubai ports operator DP World has signed a memorandum of understanding with Egypt’s state-run Holding Company for Maritime and Land Transport and Suez Canal Authority to develop a new inland container depot.

The three will bid for the government contract for the depot, which is part of Egypt’s 6th of October City in Giza governorate.

The depot is intended to improve the flow of cargo in the country by acting as a central distribution point.

Under the memorandum, DP World will lead the consortium in the bidding process and become the depot operator if it wins the contract.

“The partnership is aligned with the UAE leadership’s directive to share with neighbouring nations the global experiences that our country has gained over the years,” said DP World group chairman and CEO Sultan Ahmed Bin Sulayem.

DP World signed a partnership deal with Suez Canal Authority last year to develop an industrial and residential zone at Sokhna in Egypt.

Read: Dubai’s DP World, Egypt’s Suez Canal Authority to develop economic zone

The agreement will establish a joint venture between SCZone (51 per cent) and DP World (49 per cent) with the Dubai company managing the zone, which will span 95 square kilometres and include industrial and residential and Sokhna Port.