Egyptian HoR approved international Consortium (TOYOTA TSUSHO . BOLLORE . NYK) to build the first dedicated RO-RO Terminal in Egypt

Suez Canal Economic Zone
Press Release
Egyptian HoR approved international Consortium (TOYOTA TSUSHO /BOLLORE /NYK) to build the first dedicated RO-RO Terminal in Egypt
150 million dollars investments in the terminal with 1400 job opportunities
Cairo-2 November 2020: The Egyptian House of Representatives approved yesterday in its plenary session, the draft law of submitted by the Egyptian Cabinet regarding a concession to build and operate the first dedicated a roll-on, roll-off (RO-RO) terminal at Egyptian Ports at East Port Said in Suez Canal Economic Zone,
The Suez Canal Economic Zone (SCZone) has signed a contract on December 2019 with a consortium composed of three international and major players: Bolloré Africa Logistics (first private port operator in Africa), Nippon Yusen Kaisha (worldwide leader in shipping and logistics provider) and Toyota Tsusho Corporation (major trading player in Africa)) to build a RO-RO Terminal in East Port Said.
“The three shareholders of the concession strongly believe in Suez Canal Economic Zone future and are willing to commit to the development and the operation of a 600 m quay and 21.2 ha (212,000 m2) new terminal dedicated to vehicles in East Port Said.”
Yehia Zaki Chairman of SCZone announced.
“This new terminal will provide the automotive industry with a state-of the-art services and efficient operation processes for import, export and transshipment of vehicles.” He said
Zaki announced also that the concessionaire will invest around 150 M$ in equipment and infrastructure to handle close to 800 000 vehicles.
The Suez Canal Economic Zone (SCZone)will receive annual payments from the concessionaire which shall amount to around 233 MUSD in total with a direct employment power of around 400 person in addition to around 1000 workers as an indirect employment.