Japan's Toyota Tsusho wins contract to build Egyptian vehicle terminal | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
Japan's Toyota Tsusho wins contract to build Egyptian vehicle terminal

World+Biz

Reuters
19 December, 2019, 05:50 pm
Last modified: 19 December, 2019, 05:52 pm

Related News

  • Toyota in Bangladesh announces new business structure-authorized workshops to continue uninterrupted aftersales services
  • 2025 Toyota Vellfire: The Japanese land yacht
  • Automophiles hosts enthusiasts for Post-Eid Meet 2025
  • Crown Crossover vs Lexus RX 300: Choosing the luxury SUV right
  • Axio’s Last Lap: Bidding adieu with Akif’s 2.10 lakh km Axio-Fielder

Japan's Toyota Tsusho wins contract to build Egyptian vehicle terminal

It will invest $150 million in equipment and infrastructure to enable the terminal to handle 800,000 vehicles a year

Reuters
19 December, 2019, 05:50 pm
Last modified: 19 December, 2019, 05:52 pm
A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo
A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo

A consortium led by Toyota Tsusho Corp (8015.T), a unit of Japan's Toyota Group, signed a contract on Thursday to set up and operate a roll-on, roll-off vehicle terminal at East Port Said in Egypt, the Suez Canal Economic Zone (SCZone) said.

The consortium, which also includes Bollore Africa Logistics (BOLL.PA) and Nippon Yusen Kaisha, will develop and operate a 600-metre quay and a new 21.2-hectare terminal for the import, export and transshipment of vehicles, an SCZone statement said.

It will invest $150 million in equipment and infrastructure to enable the terminal to handle 800,000 vehicles a year, plus an annual $233 million for the operating concession, the statement quoted SCZone chairman Yehia Zaki as saying.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

East Port Said lies along the Mediterranean entrance to the Suez Canal, which is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.

The government hopes to turn East Port Said into a major transshipment hub, meaning goods will flow through the facility on the way to other destinations.

Global Economy

Toyota / Toyota Tsusho Corp / Suez Canal Economic Zone

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Abul Barkat at Dhaka Metropolitan Magistrate Court on 11 July 2025. Photo: TBS
    Economist Abul Barkat sent to jail in Tk297cr embezzlement case
  • BNP senior leader Salahuddin Ahmed. Photo: Collected
    No scope for electoral alliance with Jamaat, door not closed for NCP: BNP's Salahuddin
  • Sketch: TBS
    No peace through concession — only struggle secures tomorrow

MOST VIEWED

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS
  • The overall pass rate across all boards this year, 68.45%, is significantly lower than last year's. Photo: Focus Bangla
    SSC 2025: Rajshahi board records highest pass rate, Barishal lowest
  • Representational image. Photo: Collected
    35% tariff: Bangladesh, US 'agree on most issues' as first day of talks ends

Related News

  • Toyota in Bangladesh announces new business structure-authorized workshops to continue uninterrupted aftersales services
  • 2025 Toyota Vellfire: The Japanese land yacht
  • Automophiles hosts enthusiasts for Post-Eid Meet 2025
  • Crown Crossover vs Lexus RX 300: Choosing the luxury SUV right
  • Axio’s Last Lap: Bidding adieu with Akif’s 2.10 lakh km Axio-Fielder

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

21h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

1d | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

1d | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

17h | Panorama

More Videos from TBS

Shocking science: why birds stay safe on electricity lines

Shocking science: why birds stay safe on electricity lines

14m | TBS Stories
Threat of 35 percent tariff on Canadian goods

Threat of 35 percent tariff on Canadian goods

1h | TBS World
Israel ready to strike back if Iran threatens: Katz

Israel ready to strike back if Iran threatens: Katz

3h | TBS World
India is strengthening ties with Israel

India is strengthening ties with Israel

3h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net