Alexandria Port Expansion (Part of the Sokhna to Alexandria Corridor)

Objective

The Alexandria Port expansion is the direct northern counterpart to the Ain Sokhna project. Together, they form the anchors of Egypt's Sokhna–Alexandria Logistics Corridor, effectively creating a bi-oceanic "land bridge" that links Red Sea shipping with the Mediterranean via high-speed freight rail and newly modernized expressways

Description

The Greater Alexandria Port expansion is a multi-billion-dollar modernization project that unifies the historic ports of Alexandria and El Dekheila with a new middle port, El Max, into a single integrated mega-hub. As the northern anchor of Egypt's strategic Sokhna–Alexandria Logistics Corridor, this expansion acts as a Mediterranean maritime gateway connected to the Red Sea via a high-speed freight rail "land bridge." The massive civil engineering effort involves constructing five new breakwaters stretching 7,000 metres and carving deep-water berths up to 18 metres, allowing the unified port complex to seamlessly accommodate ultra-large container vessels.To drive the port's operations, the Egyptian government has secured long-term concession agreements with premier international maritime operators. The crown jewel of the expansion, the Tahya Misr 2 Terminal at Berth 100, is developed and managed by a powerful alliance of Hutchison Ports and MSC, injecting an additional 1.5 million TEUs of annual capacity into the hub. Supplemented by a 1.1 square-kilometre integrated logistics park established by the UAE's AD Ports Group, the modernized Greater Alexandria Port now handles over 82 million tonnes of cargo annually, controlling roughly 60% of Egypt's total foreign trade.

Finance