Port Said Second Container Terminal

Objective

The primary objective of the terminal is to boost global trade capacity by adding 2.2 million TEUs in annual container throughput. By scaling up logistics infrastructure at a critical global maritime crossroad, the project aims to cement Egypt’s position as the dominant transshipment hub connecting Asia, Europe, and Africa. Furthermore, it seeks to drive local economic growth by generating over 1,000 direct maritime jobs. Ultimately, the facility leverages smart port engineering to improve cargo-handling efficiency, lower carbon footprints, and maximize commercial returns across the regional supply chain ecosystem.

Description

The East Port Said Second Container Terminal is a premier maritime infrastructure facility located at the northern gateway of the Suez Canal in Egypt. Developed by the Suez Canal Economic Zone (SCZONE) and operated by the Suez Canal Container Terminal (SCCT), this $500 million expansion encompasses a 955-metre berth and a massive 510,000 square-metre container yard. Utilizing modern, electric-powered cranes and sustainable automation systems, the terminal integrates cutting-edge logistics technology with green, eco-friendly operational standards. Backed by International Finance Corporation (IFC) funding, it stands as a cornerstone of Egypt's contemporary maritime network.

History

• Primary Operator: Suez Canal Container Terminal (SCCT) manages and operates the terminal under a 30-year Build-Operate-Transfer (BOT) concession model. • Corporate Breakdown of SCCT:• 55% majority ownership by APM Terminals (the port operator division of Danish shipping giant A.P. Moller-Maersk). • 20% owned by COSCO Shipping Ports. • 10% split between the Suez Canal Authority (SCA) and its subsidiary. • 5% owned by the National Bank of Egypt. • 9.7% held by Egyptian private investor

Finance