{"id":50341,"date":"2022-08-13T04:08:06","date_gmt":"2022-08-13T04:08:06","guid":{"rendered":"https:\/\/www.africannewspaper.net\/2022\/08\/13\/maersk-unveils-plans-to-invest-500m-in-egypts-suez-canal-the-north-africa-post\/"},"modified":"2022-08-13T04:08:21","modified_gmt":"2022-08-13T04:08:21","slug":"maersk-unveils-plans-to-invest-500m-in-egypts-suez-canal-the-north-africa-post","status":"publish","type":"post","link":"https:\/\/www.africannewspaper.net\/2022\/08\/13\/maersk-unveils-plans-to-invest-500m-in-egypts-suez-canal-the-north-africa-post\/","title":{"rendered":"Maersk unveils plans to invest $500m in Egypt\u2019s Suez Canal \u2013 The North Africa Post"},"content":{"rendered":"\n
According to the Suez Canal Authority (SCA), Maersk, a Danish shipping firm, plans to invest approximately $500 million in East Port Said’s Suez Canal Container Terminal.<\/p>\n
The money will be used for the construction of a new container dock, measuring 1,000 meters in length, to complement the existing 500-meter terminal dock.<\/p>\n
The investment plans also include increasing to 30 the number of cranes powered by electricity and diesel to reduce emissions at the terminal and make it a green terminal by 2030.<\/p>\n
The Danish shipping company plans to transform Suez Canal Container Terminal into an intelligent terminal that uses the latest smart handling technology and communication systems.<\/p>\n
Recent years have shown SCA to be very attractive for investment. The company reported in July 2022 a 32.4% increase in revenue year-on-year (YoY).<\/p>\n<\/div>\n