The Suez Canal Economic Zone (SCZONE) has joined forces with Suez Steel Company to drive a significant upgrade in Egypt’s critical maritime infrastructure, signing a preliminary contract to operate and develop dry bulk handling facilities at Adabiya Port. The $120 million agreement will optimize the port’s strategic position, connecting Asia and Africa.
The deal grants Suez Steel a dedicated 30,000-square-meter area at Adabiya Port, where the company will operate and maintain marine berths 4 and 5, covering 650 meters in length and a depth of 17 meters. The project’s scope includes the management of a storage and handling yard specifically for dry bulk, encompassing raw materials and finished products tied to the iron and steel industries. This initiative aims to enhance Adabiya’s efficiency and capacity in handling dry and liquid bulk goods, a key driver of Egypt’s trade sector.
The first phase involves upgrades that will extend dock lengths to 1,200 meters. These enhancements will allow the port to accommodate larger vessels, including ships of up to 150,000 tons with lengths of 300 meters and drafts of 17 meters.
The partnership between SCZONE and Suez Steel is part of a broader strategy to modernize Egypt’s ports, drive investment, and boost the nation’s economic development, with Adabiya Port poised to serve as a crucial asset in supporting international commerce and regional trade growth. As a step further, Egypt had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen’s Houthi militants began attacking vessels in the Red Sea.
