Eurogate plans to open a new container terminal at Damietta Port

Contship Italia and Eurogate, in partnership with the Damietta Port Authority (DPA), have planned to set up the biggest logistic system in Africa and in the Middle East which includes a new container terminal at Damietta Port.

Representing an investment of €750m (US$824.5m), the first phase of this project will also include a railway line, dry port and a cargo distribution area.

Minister of Transport Lt. Gen. Kamel El-Wazir stated that a Memorandum of Understanding (MoU) signed by the two parties looks for cooperation to set up a business model for the project implementation to achieve the economic development of Damietta Port and the surrounding area.