SCCT to invest $500m in expanding East Port Said port’s capacity

SCCT to invest $500m in expanding East Port Said port’s capacity

The Suez Canal Container Terminal (SCCT), the main operator of the East Port Said Container Terminal, intends to invest $500 million to finance its expansion of managing and operating a 1,000-meter container in East Port Said Port, according to Hany El-Nadi, representative of the Danish AB Moller-Maersk Group in Egypt.

SCCT has already pumped investments amounting to 60 million dollars during 2020, to raise the capacities and modernize the cranes of the current berths at the station, to be able to accommodate two giant ships reflecting the group’s confidence in the Egyptian economy.

SCCT is an Egyptian terminal opened in 2004 as a joint venture with APM Terminals the majority shareholder and operator. The company mainly works with handling and trading transit containers, which means that large ships unload their containers in the port of East Port Said in order to re-ship them in smaller ships to the countries of the southern and eastern Mediterranean.

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