Two commodity trading houses have signed a contract with the Egyptian government to build a bulk grain terminal in East Port Said. The Chairman of the Suez Canal Economic Zone (SCZone), Yehia Zaki, and the Representative of Roots Commodities and Rosa Grains, Haytham Nouh, signed a contract for the establishment of a bulk grain terminal at East Port Said.
At an estimated investment cost of EGP 2.2 billion ($140mln), the terminal is forecast to handle from 1.5 million to 7.2 million tonnes of grains per year at East Port Said, Zaki said in a statement. The project, expected to create about 400 direct and indirect jobs, will be established over an area of 267,000 square metres and at a length of 500 metres, he added.
East Port Said Port has a distinguished location east of the northern entrance of the Suez Canal, at the confluence of three continents, and at the crossroad of the most important world sea trade route between the east and the west.