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Daily News Egypt: Egypt is very promising and has a sizeable economy

DP MENA senior vice president said that Sokhna port has a 25% market share in Egypt.
28.12.16 | Interesting article at Daily News Egypt

DP World, a global port operator, has been operating in Egypt since 2008. Senior vice president and managing director of DP World Middle East and Africa Suhail Al Banna told Daily News Egypt in an exclusive interview that the company maintains its flow of investments to Egypt out of its belief in the country’s potential.

Moreover, he noted that Sokhna port alone accounts for 25% of Egypt’s market share. He added that the Basin 2 container terminal is set to be completed in line with the market’s needs, with an additional 1,300m of quay and 1m twenty-foot equivalent units (TEUs) of capacity.

During the interview, Al Banna praised the government’s national projects, specifically the New Suez Canal, pointing out that reducing waiting time for ships to transit the channel allows shipping lines to deliver goods faster than ever.