The Suez Canal Automotive Terminal (SCAT) has officially opened in East Port Said, Egypt, marking a significant milestone in the country’s logistics industry. This state-of-the-art terminal is a joint venture between NYK, Africa Global Logistics (AGL), and Toyota Tsusho Corporation.
Key Features of SCAT:
- Strategic Location: Situated in East Port Said, providing easy access to major shipping routes
- Initial Capacity: 2,550 vehicles, with plans for future expansion to accommodate up to 10,000 vehicles
- Quay Capacity: Designed to handle two large car carriers simultaneously, increasing efficiency and reducing turnaround times
- Operating Period: 30-year concession contract with the General Authority for the Suez Canal Economic Zone
Joint Venture Partners:
- NYK: 25% shareholding
- Africa Global Logistics (AGL): 50% shareholding
- Toyota Tsusho Corporation: 25% shareholding
Impact on Egypt’s Economy:
The Suez Canal Automotive Terminal is expected to capture the growing demand for automobile logistics in North Africa and the Eastern Mediterranean region, contributing to Egypt’s economic development. With its strategic location and state-of-the-art facilities, SCAT is poised to become a major hub for finished-vehicle logistics in the region.
