PORT SAID, EGYPT — Yehia Zaki, chairman of the Suez Canal Economic Zone (SCZone), recently joined Haytham Nouh, a representative of Roots Commodities and Rosa Grains, in signing a contract for the establishment of a bulk grain terminal at East Port Said in Egypt.

Zaki said the two groups will invest approximately 2.2 billion Egyptian pounds ($140 million) in the new terminal, which is expected to be able to handle between 1.5 million to 7.2 million tonnes of grains per year.

The project is expected to create about 400 direct and indirect jobs, and will cover approximately 267,000 square meters at a length of 500 meters, Zaki said.

East Port Said is located at the northern end of the Suez Canal, on the Mediterranean Sea.