DUBAI's global port operator DP World has commenced the first phase of US$80 million Sokhna Logistics Park, reports London's Port Technology International.
DP World has reached a major milestone in the development of the Sokhna Logistics Park on the upper northwest bank of the Red Sea, with 65 per cent of the first phase now complete.
The logistics hub, located in the Suez Canal Economic Zone (SCZONE), is set to enhance Egypt's logistics infrastructure and position the country as a key regional trade hub.
Spanning 300,000 square metres, the facility is designed to provide cost-effective, integrated supply chain solutions, leveraging DP World's extensive global network, said the report.
Scheduled for completion in June 2025, the park will reportedly drive efficiency, reduce logistics costs, and strengthen connectivity between Egypt, the Middle East, Africa and beyond.
Situated just 10 kilometres from Sokhna Port, the park offers direct access to Greater Cairo's key markets and major industrial zones. Its strategic location will enable businesses to reduce operational costs and improve efficiency with streamlined cargo movements.
Built to the highest international standards, the park is designed to support a range of industries, such as agriculture, pharmaceuticals, retail, automotive and textiles.
It will feature bonded and non-bonded warehouses, office space and open cargo and container yards, with logistics activities including warehousing, freight forwarding, customs clearing, and value-added services like labelling, coding, sorting, packing and inspection.
The new facility has already drawn interest from both local and international markets, including businesses already established in Jebel Ali Free Zone (JAFZA) in Dubai, which are looking to expand regionally.
Said DP World vice president Ranjit Ray: "The facility will support a wide range of cargo across imports, exports, and transit, and will be integrated with DP World's operations at Sokhna Port, offering a full range of multi-modal supply chain services, including freight forwarding and logistics solutions."
source:Schednet