Shipping Arabia, March 8, 2025 — In a strategic effort to enhance its trade and energy sectors, Egypt has awarded a concession contract for the construction, development, management, and operation of a new marine and land-based liquid and gaseous bulk terminal at Dekheila Port. The contract, signed between the Alexandria Port Authority and Alexandria Supply Chain Company, was witnessed by Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, along with Engineer Karim Badawi, Minister of Petroleum and Mineral Resources.
This initiative aligns with Egypt’s vision, spearheaded by President Abdel Fattah El-Sisi, to establish the country as a regional hub for trade and energy. The project aims to localize the petrochemical industry within Egypt, ensuring a sustainable supply of raw materials for Alexandria’s petrochemical companies and creating new investment opportunities in the petroleum, gas, and petrochemical sectors.
Notably, this project will be the first in the Middle East and Southern Mediterranean capable of receiving, storing, and regasifying liquefied natural gas (LNG), marking a significant advancement in regional energy infrastructure.
The inauguration ceremony featured participation from key figures, including Rear Admiral Ahmed Hawash, Chairman of the Alexandria Port Authority, and Engineer Amr Salah Khalil, Chairman and Managing Director of Alexandria Supply Chain Company. Additional notable attendees included Rear Admiral Nihad Shahin, Vice Minister of Transport for Maritime Transport, and Engineer Mohamed Fathy, Assistant Minister of Transport for Maritime Transport, along with several chairpersons from leading Egyptian petrochemical and gas companies.
Deputy Prime Minister El-Wazir emphasized that the project aligns with the Ministry of Transport’s objectives to upgrade Egyptian ports and the Ministry of Petroleum and Mineral Resources’ strategy to enhance the petroleum sector. The terminal will feature marine facilities capable of accommodating two large vessels simultaneously, along with land-based facilities for the storage and processing of liquid and gaseous products.
This significant investment, fully funded by Egyptian capital, totals $660 million across all project phases. The terminal is expected to begin its first commercial operations in 2027, initially handling 350,000 tons annually, with plans to expand capacity to 4 million tons per year.
Upon completion, the terminal is projected to substantially increase Egypt’s foreign currency revenues, potentially generating around $500 million throughout its operational lifespan from ship transits and trading activities. This development not only enhances Egypt’s maritime capabilities but also supports its long-term economic diversification initiatives.
