The Alexandria Port Authority and the Alexandria Supply Chain Company have signed a contract to build, develop, and operate a marine and land facilities terminal for liquid and gaseous bulk at Dekheila Port. The Egyptian ministry of transport announced that the project will receive an investment of $660 million.
Signing Ceremony with Top Officials
Deputy Prime Minister for industrial development and minister of industry and transport Kamel El-Wazir, along with minister of petroleum and mineral resources Karim Badawi, attended the signing ceremony. Senior officials from the ministry of transport, the ministry of petroleum and mineral resources, and key companies in the sector were also present.
Advancing Egypt’s Energy Vision
El-Wazir emphasized that the project aligns with Egypt’s strategic vision under President Abdel Fattah El-Sisi to establish the country as a regional energy hub. He highlighted that the terminal would secure raw materials for Alexandria’s petrochemical companies. This would enable them to operate at full capacity and attract new investments in oil, gas, and petrochemicals.
First-of-Its-Kind Facility in the Middle East
The new terminal will be the first in the Middle East and southern Mediterranean capable of receiving, storing, and re-gasifying liquefied gas. The milestone supports the ministry of transport’s port development strategy and the ministry of petroleum’s modernization plan.
A Nationally Funded Project
National capital entirely develops the project. It is a collaboration between the Egyptian Petrochemicals Holding Company (ECHEM), Sidi Keriri Petrochemicals Co (Sidpec), and Egyptian Ethylene and Derivatives Company (ETHYDCO). Other partners include the Egyptian Natural Gas Company (GASCO) and the Holding Company for Maritime and Land Transport. Additionally, a private-sector partner is also involved.
State-of-the-Art Infrastructure
The terminal will feature an 800-meter quay with a depth exceeding 20 meters. This will allow two vessels, each carrying up to 250,000 tons, to dock simultaneously.Additionally, it will include a 3,90,000 square-meter land area with storage zones, gasification units, handling equipment, and transport networks to support import and export activities.
Commitment to Sustainability and Safety
The developers designed the project to meet the highest international standards for quality, environmental sustainability, and safety. Its first phase of commercial operations will begin in 2027. Initially, it will handle 3,50,000 tons annually, gradually increasing to four million tons per year upon completing the third phase.
Economic Impact and Revenue Generation
This will come from ship transit fees and trade activities. As reported by arabfinance.com, the Dekheila Port terminal will play a crucial role in Egypt’s economic growth and industrial development. This will be achieved by enhancing port infrastructure and boosting the country’s energy sector.
