Prime Minister Moustafa Madbouli Visits Suez Canal Container Company, Celebrating Major Development Initiatives
In a significant move for Egypt’s economic landscape, Prime Minister Moustafa Madbouli embarked on a tour of the Suez Canal Container Company (SCCT) at the East Port Said harbor on Saturday, October 5, 2025. This visit highlights the government’s commitment to enhancing the Suez Canal’s strategic position in international trade.
The inspection aimed to evaluate the ongoing activities and projects within the SCCT, a crucial player in the region’s logistical infrastructure. Madbouli’s engagement reflects the government’s proactive stance in ensuring that this vital hub continues to thrive and develop in alignment with Egypt’s vision for economic growth.
During his visit, Ashraf Abdel Shafi, head of the projects and development department at SCCT, shared insights about the terminal’s impressive specifications. Spanning approximately 1.2 million square meters with a quay length of 2,400 meters, the facility has been a beacon for investment, boasting over billion in financial backing. The strategic location at the northern entrance of the Suez Canal positions the SCCT as a pivotal site for global shipping routes, making it essential for enhancing international trade links.
Kareem Tayeb, the supervisor of the new extension project, elaborated on the recent concession agreement signed between the Suez Canal Container Terminal Company and the Egyptian state. This agreement, bolstered by the signing of Law No. 165 of 2023 by the President, underscores the government’s commitment to attracting foreign investment and incentivizing growth in the sector. The planned expansion will see an additional 955 meters added to the quay, increasing the total length to approximately 3,400 meters, alongside an investment boost of 0 million.
Once completed, this expansion will elevate the SCCT to the largest terminal in the Eastern Mediterranean, significantly enhancing its handling capacity to 7 million containers. This development is not just a boon for local economic activity but also positions Egypt as a key player in global logistics and shipping.
The proactive measures taken by the Egyptian government signal a bright future for the Suez Canal and the surrounding region. Such initiatives are essential as countries across Africa and beyond seek to capitalize on their geographic advantages to boost trade and investment.
In conclusion, Prime Minister Madbouli’s visit not only underscores the ongoing advancements within the Suez Canal Container Company but also reflects a broader vision of economic growth and regional stability for Egypt. With such promising developments on the horizon, the SCCT is set to play a crucial role in propelling Egypt into a new era of prosperity and connectivity.
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