Suez Canal Container Terminal SCCT

Company type	Private
Industry	Transport, Terminals
Founded	2000
Headquarters	Port Fuad, Egypt[1]
Key people	Lars Vang Christensen (CEO) Mahmoud Ayoub (COO)
Website	http://www.scct.com.eg/ 31°12′41.18″N 32°21′25.60″E / 31.2114389°N 32.3571111°E / 31.2114389; 32.3571111

Suez Canal Container Terminal (SCCT) (Arabic: شركة قناة السويس للحاويات) is a container terminal located at Port Said East and functions as a transshipment centre for the Eastern Mediterranean at the northern entrance to the Suez Canal. The terminal has been operational since October 2004. Suez Canal Container Terminal (SCCT) is a private joint venture company that obtained the concession to build, operate, and manage this new terminal. The majority (55%) shareholding of SCCT is held by APM Terminals. 20% of the shares are held by COSCO, 10% are held by Suez Canal & Affiliates, 5% by the National Bank of Egypt (NBE), and the remaining 10% are held by the Egyptian private sector.^[2]

History

The Egyptian government signed a concession agreement for a term of 30 years in relation to the need for a container terminal in Port Said.^{[citation needed]} In 2002,^{[citation needed]} Egypt ratified an additional concession agreement, following earlier approval of terminal design in 2001.^{[citation needed]}

Construction on the SCCT first started in 2003,^{[citation needed]} and a target date of October 1 of the following year was established. The Suez Canal Container Terminal became operational in October 2004.^[2]

In 2007, the Egyptian government signed a concession agreement^[3] for the progression of "Phase II" of the SCCT facility.^[2]