The logistics and commercial zone will cover 3 million sq. metres, similar in size to the city of Yiwu in China, and is being developed with an estimated USD 2 billion.

The container terminal at Ain Sokhna Port will be developed with an initial investment of USD 400 million and a planned capacity of 2 million containers.

Jiangsu Provincial Port Group Co., Ltd. and Shanghai Huanshi Logistics Co., Ltd., will undertake the project, a statement published on the Facebook account of the Egyptian Cabinet Presidency said.

This momentum fits into broader investment activity in the Suez Canal Economic Zone, which announced in December that it would host three new industrial projects with a total investment of USD 1.15 billion, bringing total investments in the zone to USD 5.1 billion in the first six months of the 2025-26 fiscal year.

The newly released statement noted, “At the beginning of the meeting, the deputy prime minister for economic affairs emphasised the Egyptian government’s commitment to strengthening cooperation with China in various economic fields, noting that China is a strategic partner for Egypt.”

Walid Gamal El-Din, chairman of the General Authority for the SCZONE, said that Chinese companies are among the top investors in the SCZONE, and that he is ready to provide all the support required to companies that want to establish new investments in the economic zone.

Counsellor Mohamed El-Homsani, the official spokesman for the Cabinet, said that the meeting discussed several new projects by Chinese companies to be implemented in the Egyptian market, including within the SCZONE, the New Administrative Capital, and other industrial zones. El-Homsani added that the meeting also reviewed the Chinese Hurricane Group’s plan to establish a 100,000 sq. metre industrial zone.

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Egypt’s Minister of the Public Business Sector Hisham Tawfik said that the project’s first phase will offer an integrated logistics and transportation services network for external trade activities with East African countries. 

According to media reports, companies under the public business sector ministry will help to boost external trade, in addition to providing a goods insurance service. 

Tawfik said “The project is expected to be entirely completed by 2020, and will be managed using international expertise in order to provide high quality service.”

The project will provide services including road transport for commodities along with assembly and custom clearance services at ports. Tawfik added that storage space and shipping lines will be allocated for sea transport at decreased shipping prices. 

Egypt also aims to explore foreign markets. For that reason, a new marketing and mediation company is being setup in partnership with domestic banks and private sector investors. 

Earlier this month, Egypt announced its plan to launch the largest logistics project in the Middle East. The project will comprise a container terminal, a dry port and a cargo distribution area. The first phase of the project will have a total investment of €750 million, media reports said. 

It will be a landmark project in the Eastern Mediterannean region, with a focus to attract foreign direct investments. The terminal is expected to be completed by 2022—and will be linked to a dry port in Al Dhuhair through a railway line.

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