Ports development plans

International studies for the development and conversion of Safaga seaport into an industrial port

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German Hamborg Port Consultant (HPC) study
- - German Hamborg Port Consultant (HPC) study:
1. Infrastructure of liquid handling station (phosphoric acid).
2. Dry handling terminal (cereals), grinding and packing industries.
3. Live stock handling station.
4. These projects are oriented to exportation as well as to meet the local market needs.
5. Expected investment cost is EP 1.2 billion. The project provides about 12000 work opportunities.
- - - Market study by MTBS, Holland.

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National target and development project yield
- Boosting Egypt’s position as an investment attracting country on the world economic map and as a main gate for middle eastern and African trade.
- Enhancing potentialities of mining sector and providing adaptive and proper climate for increasing competitiveness of materials and mining industries in addition to supplying integral requirements from abroad, thus becoming a major economic resource for Egypt in the nearest time.
- Supporting industrial and commercial zones and new dry handling ports, increasing occupancy and investment chances and promotion, as well as providing a link with industrial markets abroad through services rendered in the port.
- Introducing modern industries and advanced technological applications that contribute in the development of the industrial investment field, in addition to founding untraditional assembly and manufacturing industries, and supporting local experience by foreign expertise.
- Attracting foreign capital and local and external investments whether directly into the port or indirectly in the industrial and mining hinterland zones, especially investment from world major mining corporations.
- Implementing Ministry of Industry’s plans through supporting dense labor projects and industries relying on high technology, a situation which exists in mining sector’s industries and logistic services provided by the port, in addition to locating and supporting ship building in the region following the initiation of repair and maintenance activity that generate exceptional experience in this field at competitive prices.
- Supporting national economy by benefiting from natural resources and manufacturing of raw materials rather than exportation.
- Achieving logistic integration for one of the most important industries in Egypt; fertilizers industry, especially that world demand increased for nutrition purposes and for bio fuel power generation.
- Meeting market needs of meat, food, fodder and controlling monopoly.
- Supporting state’s development plans in the southern governorates to promote social welfare.
- Enhancing cooperation, integration and maritime contact with Arab countries, African countries especially COMESA and the Nile basin states.

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Competitive advantages of investment in Egypt
- Market accessibility.
- Progress and stability
- Competitive cost of wages, land and services.
- Enormous consumption market.
- Integrated infrastructure.
- Competitive tax structure.
- Versatile economic opportunities.

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Social benefits of the project
- Unemployment control through provision of new direct and indirect work opportunity, especially for upper Egyptian.
- Enhancing the labor skills.
- Urbanization of remote areas and relieving the population crowd along the Nile banks.
- Supporting small scale industries and traditional crafts, accessing new external markets.
- Promoting social life in Upper Egypt.

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Economic benefits of the project
- Supporting balance of trade and balance of payment.
- Enhancing market capital level.
- Increasing investment and direct foreign currency reserve.
- Increasing NDP growth level.
- Import replacement and increasing export volume of end products.