Germany-based fuel storage operator Oiltanking is part of a consortium, which signed a billion-pound deal in Egypt.
The deal on the liquid bulk terminal in East Port Said seaport is worth 3.2 billion Egyptian pounds (429 million) on a build/operate transfer basis for 25 years.
Egypt's Amiral Holdings, as well as Sonker Bunkering Company, which is jointly owned by Amiral and government entities, join Oiltanking on the project.
It will be the first liquid bulk terminal in East Port Said seaport, located at the northern entrance to the Suez Canal
The terminal will be used for the handling and storage of petroleum and liquid bulk products, and bunkering for ships.