An Emirati company has announced plans to invest $1 billion in Egypt in the field of container terminal management and port logistics services, according to a statement issued by the Egyptian Commercial Service.
The announcement came during a meeting held on the sidelines of the Global Maritime Transport Conference in Dubai, between Lieutenant General Kamel Al-Wazir, Deputy Prime Minister for Economic Development and Minister of Industry and Transport, and company officials. During the meeting, the company outlined its ambitions in the Egyptian market and its investment plans for one of the country’s major ports, with East Port Said, Alexandria, and Damietta among the options under consideration.
The company is regarded as a leader in the logistics sector, providing services across ten countries, including the UAE, Saudi Arabia, and the United States.
Minister Al-Wazir stressed that Egypt’s strategic location on the Mediterranean and Red Sea shipping lanes, along with the Suez Canal as the world’s most vital maritime passage, makes Egypt an ideal destination for such large-scale investments. He further noted that investment opportunities extend across various ports and logistics zones, not only Damietta and Alexandria.
It was agreed that a delegation from the company will soon visit Egypt to explore investment opportunities on the ground, in preparation for signing contracts and commencing operations in managing and operating one of the container terminals and logistics zones.
For his part, Abdel Aziz El-Sherif, Chairman of the Egyptian Commercial Service, stated that Emirati investments in Egypt reached approximately $21.8 billion by the end of February 2025, spread across more than 2,139 companies.
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