Osama Rabie, head of the Suez Canal Authority witnessed the signing of a license contract for two vacant plots of land owned by the authority in the Ataka quarry area in front of Adabiya port, for the benefit of the IACC Holding Group, with the purpose of using them in the storage and handling of containers and general goods, and the establishment and development of a logistic area in that strategic location.
This came in the presence of Mohamed ElAhwal, CEO of IACC, and Mohamed Abdel Azim, Director of Works Department at Suez Canal Authority.
The area includes many services and logistical activities; Including customs storage warehouses for goods, and allowing multiple means of transportation to transport goods across the road network, land axes, railways and sea transport lines, which are provided by the strategic location of the project, and value-added shipping services will be provided.
The group stated that one of the most important results of the agreement is the addition of total container storage warehouses, amounting to more than 36,000 square meters, divided into two adjacent storage areas, 29,191.20 sqm and 7,077.60 sqm, respectively.
Rabie stressed that the authority spares no effort towards maximizing the optimal use of its assets and resources, as one of the axes of implementing the goals of the authority’s development strategy 2023.
He pointed out that the authority’s contract with the group will allow benefiting from untapped land and transforming it into a logistics services area and customs storage warehouses, in a way that enhances the efforts made to develop logistical activities in the region, and keeps pace with the expansion of container traffic activity in the port of Adabiya.
Elahwal, said: “The new logistics zone will represent an important addition and a vital solution to the existing challenge facing many Egyptian ports, which is the increase in port congestion and the shortage of external customs storage warehouses adjacent to it.”