Port Finance International Events - covering global port developments

Search site

RSS
Thursday, 03 April 2014

Plans for new Suez terminals

The Red Sea Ports Authority (RSPA) has announced plans to build a cargo terminal in Port Tawfik and a grain facility in Adabiya, Daily News Egypt (DNE) has reported.

Both projects, unveiled by Transportation Minister Ibrahim El-Demeiry, aim at stimulating domestic and foreign investment opportunities.

The cargo terminal at Port Tawfik, at the Red Sea entrance of the Suez Canal, will be designed to accommodate medium-sized ships and to increase the port’s annual capacity to 1.5 million tonnes.

The wheat storage facility in Adabiya, 20km south of Suez, is expected to have a capacity of 2.5 million tonnes.

ABOUT US

Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

Follow us

Newsletter

Sign up for our free newsletter