Bolloré Ports signs a concession agreement to manage the first port terminal dedicated to the automotive sector in Egypt

On December 19, 2019, the consortium composed of Bolloré Ports, Toyota Tsusho Corporation and Yusen Kabushiki Kaisha signed a concession agreement with the General Authority for the Suez Canal Economic Zone with a view to building, equipping and managing a ro-ro terminal at Port Said in Egypt.

The consortium is committed to investing USD 150 million over the period to acquire the equipment and develop the infrastructure. It intends to create 400 direct jobs and 1,000 indirect jobs.