The Suez Canal Economic Zone (SCZONE) and Suez Steel Company have signed a preliminary agreement to develop and operate dry bulk handling facilities at Adabiya Port. Under the deal, SCZONE will grant Suez Steel a 30,000-square-meter concession area at an investment cost of USD 120 mln.
The concession includes operating and maintaining berths 4 and 5, spanning 650 meters in length and 17 meters in depth, as well as utilizing storage and handling areas for dry bulk cargo, including materials related to the iron and steel industries. Suez Steel will handle up to 5 mln tons of dry bulk cargo annually in the first phase, with plans to increase this capacity to 10 mln tons within five years.
Located at the southern entrance to the Suez Canal, Adabiya Port serves as a vital trade hub connecting Asia and Africa. It is one of Egypt’s key ports for handling dry and liquid bulk goods, playing a significant role in international trade and economic development.
Suez Steel Company is a fully integrated steel complex with a production capacity of 2.1 mln tons per year for direct reduction iron (DRI) and two melting shops capable of producing 2.1 mln tons annually. The facility also houses three rolling mills with a combined capacity of 2.2 mln tons per year and a cut-and-bend unit with an annual capacity of 300,000 tons.
