The company will operate across a total area of 21,200
square meters, covering three locations at the ports of Safaga, Hurghada, and
Sharm El-Sheikh.
The Cabinet’s decision aligns with directives from the political
leadership to transform national ports into global trade and logistics hubs by
leveraging their strategic location on international maritime routes in the Red
and Mediterranean Seas.
Egypt International Company plans to invest up to USD 12
million in the project, which is expected to create both direct and indirect
job opportunities. The initiative seeks to enhance private sector involvement
in port development and marketing while supporting broader national objectives.
The company’s efforts will also help strengthen the transport system and
generate positive economic returns.
Safaga, Hurghada, and Sharm El-Sheikh ports, along with
their surrounding areas, are expected to be positioned as major Red Sea
destinations for passenger and cruise tourism through this project.
Egypt International Company aims to improve service quality
at competitive rates by integrating facilities such as passport and customs
offices, ATM machines, banking services, and retail spaces operated by small
investors. The company’s services will also include luggage handling, cruise
scheduling, berth reservations, technology integration, and skilled job
creation.
The Cabinet further approved a draft presidential decree to
allocate several plots of state-owned land for private ownership to establish
seawater desalination plants in line with the national strategy extending to
2050.
The allocated plots include approximately 9 acres in Ras
Gharib (Red Sea Governorate), around 2,000 square meters in Marsa Alam (Red Sea
Governorate), nearly 235 acres along the Suez Canal in Suez Governorate, about
63 acres in Borg El-Arab (Alexandria Governorate), and approximately 15 acres
in New Alamein (Matrouh Governorate).