Walid Jamal Al -Din, Chairman of the General Authority of the Suez Canal Economic Zone, Stephen Yujlatn, Chairman and CEO of the Suez Canal Channel for Containers “SCCT”, today, Tuesday, signed a contract to finance, design, establish, manage and operate the extension of the container trading station as a second station (2) in the eastern port of Port Said, on the sidelines of the “COP27” conference.
This project is part of the Suez Canal Economic Zone plan to develop its affiliated ports, which serves the global trade movement in addition to the vital role it will play in green fuel transport operations, as this project aims to make expansion of the Suez Canal Station for Container Trading in East Port Said Port with a length of 955 meters , And an square of 510 thousand square meters, and the station is currently working along a 2400 -meter side -long side and a trading square of 1.
2 million square meters, which is the current main operator in East Port Said Port.
Jamal Al -Din said: «This project comes within the framework of the Suez Canal’s economic keenness to consistency with the economic strategy of the Egyptian state, which aims to develop Egyptian ports to maximize its role in the maritime trade movement in the world, and to exploit various investments to create job opportunities, and this is precisely what the project offers As it aims to make expansion of container circulation in East Port Said Port, with cumulative investments estimated at about $ 500 million; It provides 1000 direct and indirect job opportunities, especially for the people of Port Said and North Sinai governorates.
In turn, Stephen Yolnjem said: “The total target trading volume reaches 2 million equivalent containers with investments estimated at $ 500 million.
” He added that the new technology, advanced station, will work on clean and renewable energy sources using fully electrical equipment in order to achieve the group’s strategy to remove carbon emissions To reach (zero) carbon emissions and relying on the entire green fuel by 2040, praising the great role of the General Authority of the Economic Zone to achieve our common goal as success partners, as well as the role of the Suez Canal Authority, as it is one of the most important shareholders of the company, while achieving achievements.
It is worth noting that the East Port Said port witnessed a significant increase last October in container circulation rates during one hour, making it comparable to global rates, as the station puts a strategy to increase container trading rates and increase global competitiveness.
The Suez Canal Channel Company announced that one of the highest circulation rates for containers during a single work pink (12 hours) on October 6, reached 6800 containers, and the average trading rate of 42 containers per hour..
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