Egypt and Djibouti agree cooperation on new container terminal

Egypt's Holding Company for Maritime and Land Transport and Djibouti's Djibouti Ports and Free Zones Authority have signed a memorandum of understanding to cooperate on the development of a new container terminal in Djibouti, according to Dynaliners.

The agreement also involves Great Horn Investment Holding, with all parties being state-vned or state-controlled entities. The planned terminal will be located within the Doraleh port area in Djibouti.

Under the proposal, the facility could eventually be developed with a quay line of up to 1,450 metres, a design draught of 18 metres and an annual handling capacity of up to 5 million TEU.

According to Dynaliners, the project aims to strengthen port infrastructure and container handling capabilities in the strategically important Horn of Africa region.