The Alexandria Container and General Cargo Handling Company, a subsidiary of the Holding Company for Maritime and Land Transport, is set to invest $24 million to purchase 10 cranes of different sizes and capacities for the Alexandria and Dekheila ports. This investment is part of the company's investment plan for the current fiscal year, aimed at enhancing its operational capabilities and improving the efficiency of loading and unloading operations.
Informed sources revealed that the company issued a tender last month for the supply of 7 giant yard cranes with a capacity of up to 40 tons for the Alexandria and Dekheila ports. The tender also includes the purchase of various cranes, including a giant dock crane with a capacity ranging between 65 and 75 tons, in addition to supplying 2 fork cranes, each with a capacity of no less than 16 tons.
Event Details
The Alexandria Container and General Cargo Handling Company aims to build a large fleet of cranes to facilitate the loading and unloading process for all goods with heavy loads. The company has scheduled a date for the opening of the technical envelopes for the tender in mid-May, reflecting its commitment to enhancing its operational capabilities.
This step is part of the company's strategy to increase the efficiency of its operations and improve the level of services provided to customers. The new cranes will contribute to speeding up handling operations and reducing the time required for loading and unloading.
Background & Context
The Alexandria Container and General Cargo Handling Company was established as part of the Egyptian government's efforts to enhance the maritime transport and logistics sector. The company has achieved remarkable successes in recent years, recording a net profit of 9.56 billion Egyptian pounds in the estimated budget for the current fiscal year 2026.
The company aims to achieve a total throughput of 1.1 million TEUs, distributed between 1.079 million TEUs of external trade and 22.67 thousand transit TEUs. It also seeks to generate revenues from ongoing activities amounting to 8.71 billion Egyptian pounds, reflecting the sustainable growth the company is experiencing.
Impact & Consequences
This investment is a strategic step that reflects the general trend towards developing the maritime transport infrastructure in Egypt. This project is expected to enhance the competitiveness of Egyptian ports at the regional and international levels, reinforcing Egypt's role as a logistics hub in the region.
Moreover, enhancing handling capabilities in the ports will attract more foreign and local investments, contributing to strengthening the Egyptian economy as a whole. This trend reflects the Egyptian government's commitment to developing the maritime transport sector and improving services provided to investors and customers.
Regional Significance
Investing in the development of ports and maritime transport is one of the key factors in enhancing intra-Arab trade. Improving port efficiency will help accelerate trade movement and facilitate loading and unloading operations, thereby enhancing economic cooperation among Arab countries.
The success of the Alexandria Company in implementing this project could serve as a model for other Arab countries seeking to develop their infrastructure in transport and logistics. Consequently, this investment's impact extends beyond Egypt to encompass the entire region.
In conclusion, this investment represents an important step towards achieving sustainable development goals in Egypt, reflecting the company's commitment to enhancing its capabilities and improving its services, which contributes to strengthening the Egyptian economy and bolstering Egypt's position as a logistics hub in the region.