The Project will be developed by SCCT, an Egyptian Joint Stock Company, incorporated under the regulation of private free zones and located in Port Said East Port. SCCT is 55% owned by Egyptian International Container Terminal (EICT), a fully owned subsidiary of APM Terminals B.V. (APMT), which is, in turn, 100% owned by A.P. Moller-Maersk (APMM). Other shareholders include Cosco Shipping Ports Port Said Limited (20%), which is a subsidiary of Cosco Shipping Ports Limited (“Cosco”), National Bank of Egypt (5%), Suez Canal Authority (SCA, 5%), and its subsidiary Canal Mooring and Lights Company (5%). The remaining 10% shareholding is held by over 200 individual and corporate shareholders.

APMT is a global container terminal operator and a subsidiary of APMM, a Danish integrated transport and logistics company. APMT operates a network of ports and terminals across the world. The company provides comprehensive port services, including vessel berthing, container handling, storage, and inland transportation. With a presence in 65 locations across 38 countries, APMT is recognized as one of the largest in the maritime industry.

APMM is an integrated container logistics company headquartered in Copenhagen, Denmark. The company's main business areas encompass container shipping, port terminals, and logistics. The ocean segment which includes global container shipping activities including strategic transshipment hubs, is the largest segment of the company. APMM operates in over 130 countries, and it is one the largest global container shipping companies.

Cosco is one of the leading global port operators, based in Hong Kong. Cosco’s primary business includes terminal operations, container handling, transportation, and storage. Its terminal portfolio covers the five main port regions and the middle and lower reaches of the Yangtze River in China, Europe, the Mediterranean, the Middle East, Southeast Asia, South America and Africa. As of March 2023, Cosco operated and managed 367 berths at 37 ports globally, of which 220 were for containers, with an annual handling capacity of approximately 122 million TEU. 

The Project is estimated to cost approximately US$489 million, with approximately 64% financed by internally generated cashflows, and approximately 36% by debt. IFC is considering providing an A loan of up to US$175 million along with a Risk Management Products in the form of interest rate swaps with a loan equivalent exposure of approximately US$2 million.                                                   

The Project is located in Port Said East Port, which is located at the east of the northern entrance of the Suez Canal in Egypt.                                                   

This is a Category B project according to IFC's Policy on Environment and Social Sustainability (2012) given that the investment is expected to have potentially limited adverse environmental or social risks and/or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures. 

Key E&S aspects to the proposed project include (i) company’s E&S management systems (ESMS) and staffing to manage E&S risks and impacts in line with IFC PSs and relevant World Bank Group (“WBG”) EHS Guidelines; (ii) fair, safe and healthy working conditions for direct employees and contracted workers; (iii) management and monitoring of emissions, waste and wastewater, and hazardous materials; and (iv) stakeholder engagement and grievance mechanism.