The Egyptian Group for Multi-Purpose Terminals Company (EGMPT), the commercial arm of the Egyptian Transport Ministry for maritime transport and logistics alongside the Inventure Alliance and the Turkish company DOGUS signed a memorandum of understanding on Friday to establish a Turkish logistics industrial zone in the Jarjoub Economic Zone.
The signing was attended by Egyptian Transport Minister Kamel al-Wazir, the head of the Alexandria Port Authority, Nihad Shaheen, and representatives of the three involved parties.
The memorandum of understanding comes within the plan of the Egyptian government, represented by the Transport Ministry, to exploit the strategic location of Jarjoub Port to implement several projects through the alliance.
It seeks to design, construct, manage and operate a commercial port, free and logistical zones, and connect them to the railway network, a multi-purpose cargo terminal, a passenger terminal, a yacht marina and an industrial zone.
The project also aims to increase the volume of trade with African countries, maximize Egypt’s role within Africa, and establish a logistical backbone for complementary industries, value-added industries, and storage activities for all types of goods to exploit the huge untapped space behind the port.
And it seeks to attract global investments for all economic sectors (industry, tourism, logistics, information technology) and establish international tourism centers such as the cities of al-Alamein and Ras al-Hikma to encourage tourism activities, increase Egypt’s share of them, facilitate cruise tourism, and establish an integrated urban community and private airport in the city.
The memorandum of understanding includes a period of six months to conduct studies, begin immediate implementation of the project’s procedures, and obtain the necessary approvals.
Within this period, the coalition will conduct feasibility studies for the project in cooperation with the EGMPT Group in order to begin financing procedures and present them to one of the international institutions to finance the construction phase.
The project also aims to provide more than 20,000 job opportunities and pump more than seven billion dollars in direct investments in all its stages.
The starting point for the project is the operation of a multi-purpose station (containers – dry bulk – liquid bulk – general cargo) and a diverse logistics area immediately after signing the contract, which is planned to be signed before the end of this year to begin operation in early 2026.
