The expansion of DP World Sokahna’s Basin 2 is nearing completion, according to the company’s chief executive officer Ajay Kumar Singh.
He revealed that once the Basin 2 is functional, it would add 750,000 TEUs [twenty-foot equivalent units] which would nearly double the port’s container handling capacity to 1.75 million TEUs per year.
Ajay Kumar Singh told the media, “The COVID-19 pandemic has delayed the commissioning of equipment. But once air travel returns, we will be able to get engineers in to complete commissioning of the equipment, and once done, we will open the space for trade.”
The project to develop the Basin 2 is expected to cost DP World Sokhna around $520 million.
The project includes a 1.3-kilometre-long quay and a 350,000 square metre (sqm) container yard, according to previous statements. The project would complement the existing Basin 1 with 945,000 TEUs capacity, and Basin 3, a liquid bulk station spanning 400 sqm.
Once Basin 2 is commissioned, DP World Sokhna would become the only port in Egypt capable of handling the largest container ships in the world, said Singh.
“Our expansion into Basin 2 will enable us to facilitate even greater volume, which supports our commitment to boost further Egypt’s economic growth and cement DP World Sokhna’s position as a major gateway for the country’s trade,” Ajay Kumar Singh said.
DP World has successfully completed the integration of its logistics acquisition-Unifeeder and Feedertech, the media reported.
The integration of Unifeeder and Feedertech will help DP World improve its global supply chain.
It will also subsequently strengthen the capabilities of DP Word’s main ports in Dubai’s Jebel Ali, and ports in India, Africa and Europe.