Egypt Allocates Land for Safaga Grand Port Project to Boost Global Trade Connectivity
Shipping Arabia, September 25, 2024 — The Egyptian Cabinet has sanctioned a draft presidential decree that reallocates state-owned land in the Red Sea Governorate to the General Authority for Red Sea Ports, part of the Ministry of Transport.
This land, formerly under the management of the General Authority for the Golden Triangle Economic Zone, will be utilized for the development of the Safaga Grand Port and its multipurpose container terminal.
This strategic decision aligns with Egypt’s broader vision to establish itself as a global trade and logistics hub.
The Safaga Grand Port project is designed to enhance Egypt’s connectivity with international shipping routes in the Red and Mediterranean Seas, capitalizing on its advantageous geographical location.
In an official statement, the Cabinet emphasized that this reallocation is a critical component of the nation’s comprehensive port development strategy, aimed at maximizing Egypt’s strategic position on global trade routes.
Once completed, the Safaga Grand Port is expected to significantly enhance the country’s maritime capabilities, featuring state-of-the-art facilities to accommodate larger vessels and increased cargo volumes.
This development is anticipated to contribute to regional economic growth, attract foreign investment, and create numerous job opportunities.
The Safaga Grand Port initiative is part of a larger national strategy focused on upgrading Egypt’s port infrastructure, improving operational efficiency, and fostering sustainable economic development. By expanding its port capacities and modernizing facilities, Egypt aims to facilitate smoother trade flows and reinforce its position as a key player in international logistics and maritime trade.
The land reallocation for the Safaga project underscores the government’s commitment to transforming Egypt into a leading logistics and trade hub, with the potential to serve as a gateway for global trade connecting Africa, Asia, and Europe.
