Latest news with #PortSaid
United News of India
3 days ago
- Business
- United News of India
Visakhapatnam: Adani Gangavaram Port wins Platinum Award in Environmental Excellence
Visakhapatnam, May 30 (UNI) Adani Gangavaram Port, on Friday said it has won the Platinum Award in Environmental Excellence at the 9th APEX India Green Leaf Awards 2024. This award recognizes the port's outstanding achievements in sustainability, innovation, and best environmental practices, the Port Said said in a release here. It also recognises Gangavaram Ports state-of-the-art green infrastructure. The award highlights Adani Gangavaram Port's continuous efforts in promoting sustainable port operations through various environmental initiatives, including air and water quality management, waste reduction and recycling programs, green belt development, and energy efficiency measures include the implementation of continuous ambient air quality monitoring systems, fully mechanized cargo handling, integrated truck tarpaulin facilities, mechanized road sweeping, and the complete ban on single-use plastics within the port premises. The port's proactive approach to environmental protection aligns with its vision of fostering sustainable economic growth while preserving natural resources for future generations. UNI KNR BD
Zawya
12-05-2025
- Business
- Zawya
Egypt: Madbouly inaugurates $19mln dry bulk wheat terminal in West Port Said
Arab Finance: Prime Minister Moustafa Madbouly has inaugurated an EGP 1 billion dry bulk wheat terminal in West Port Said Port, according to an official statement. The terminal has a storage capacity of 100,000 tons and an unloading capacity of 1,200 tons per hour. Sherif Farouk, Minister of Supply and Internal Trade, stated that the project represents a qualitative addition to Egypt's silos system, bringing the number of port silos designated for subsidized wheat to six. There are two port silos in Alexandria Port, two in Damietta Port, one in Safaga Port, and one in West Port Said Port. Total storage capacity stands at 530,000 tons, with an annual handling capacity of 6.4 million tons. On his part, Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZone), said the project marks a comprehensive model for integrating logistics and food services within Egyptian ports. Gamal El-Dien highlighted that the dry bulk terminal covers an area of 15,251 square meters and includes eight storage cells, with a total storage capacity of 100,000 tons. The project aims to receive ships with large loads exceeding 65,000 tons. The terminal is expected to receive between 23 and 36 ships annually, securing around 275 direct and indirect job opportunities. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
12-05-2025
- Business
- Zawya
Egypt: Breaking Down the SCZone-AD Ports Deal
The SCZone: Egypt's Gateway to Investment and Growth Recently, the Egyptian Cabinet announced a landmark agreement between the General Authority for the Suez Canal Economic Zone (SCZone) and Abu Dhabi Ports (AD Ports) to develop and manage the KEZAD logistics and industrial zone within East Port Said. However, the announcement sparked confusion among some of the Egyptian public, who mistakenly believed that AD Ports would be managing the Suez Canal itself. The agreement grants AD Ports a renewable 50-year usufruct to develop an integrated economic and logistics model within the proposed industrial zone in East Port Said on an area of 20 square kilometers (km 2). AD Ports will develop, construct, finance, operate, and manage the industrial and logistics zone of KEZAD in multiple phases. The focus in the near term will be on completing the first phase, which will cover an area of 2.8 km 2. A total investment of $120 million will be allocated for relevant market and technical studies, as well as for the development of the first phase over the next three years. Construction of the first phase is scheduled to begin by the end of 2025. The Egyptian state has prioritized the SCZone as a key driver of economic development, working to enhance its appeal to local and foreign investors by improving infrastructure, digital services, and creating a competitive, eco-friendly business environment. Established by presidential decree issued in August 2015, the SCZone, spans 455 million m 2, including six seaports and four industrial zones. As of December 2024, the zone hosts 14 industrial developers and provides 100,000 job opportunities. Revenues from the SCZone have nearly tripled, compared to fiscal year (FY) 2016/2017, reaching EGP 8.2 billion in FY2023/2024, 72% of which were dollar-denominated. Between 2022 and January 2025, the total investments in approved industrial, service, logistics projects amounted to approximately $8.081 billion across 255 projects. Moreover, the total number of companies established within the SCZone has reached 366. During the past three years, 130 factories have been established in the SCZone. Moreover, 120 factories are under construction in 2025. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
