Complex Made Simple

DP World plans to invest in Egypt’s Suez Canal project

DP World has said it plans to invest in ventures which are to be offered as part of Egypt’s Suez Canal Development Project, Egypt Daily News has reported. The world’s fourth-biggest port operator is waiting for an international bid offer for the second berth of Al Sokhna Port, where the company intends to invest $600m, in addition to building a logistics zone on a total area of 500,000 sq m for storing containers, said DP World’s deputy CEO, Ibrahim Alhammadi.