Minister of Transport Kamel al-Wazir made the statement Wednesday.
The terminals will be constructed and operated by two coalitions.
The Egyptian Minister of Transport Kamel el-Wazir accompanied an inspection tour at Alexandria Port, to follow up on the implementation rates of projects, among of them the establishment of new berths.
Those are in the sectors of infrastructure, logistics, port management, food industries, pharmaceuticals, traditional energy, renewable energy, e-payment, digital financial and information solutions.
Major General Mohamed Abdel Rahim Hamid, head of the Red Sea Ports Authority, affirmed the Egyptian state's keenness to develop seaports "as an important tributary to the development of the Egyptian economy."
The two countries also mull cooperation in blue economy.
The prime minister told press that the alliance will invest almost half a billion dollars in the first phase alone in spite of the economic circumstances the world is undergoing.
The signing was attended by Minister of Transport Kamel al-Wazir, who also witnessed the signing of another memorandum between the same parties.
Samples of Kinder Surprise chocolate eggs will be sent to the labs of the Ministry of Health and Population for analysis.
Minister of Transport kamel al-Wazir received Tuesday Kazakhstan Ambassador to Egypt Khairat Lama Sharif to discuss cooperation in that realm.
After Damietta Liquefaction Plant had resumed operation early in 2021, Egypt has been expanding Damietta Port.
The official also indicated that number of industrial establishments currently operating there.
President Abdel Fatah al-Sisi convened Sunday with Prime Minister Mostafa Madbouli and Minister of Transportation Kamel al-Wazir.
There is a target to raise the size of cargo transported through the railway network from 3.1 million tons in 2019 to 25 million tons in 2025.
Minister of Finance Mohamed Mait ordered launching an investigation into the fire that broke out in the Port of Alexandria on Monday.
Out of 15 seaports across the country, Alexandria Port is the gate of 40 percent of imports and exports and handles 157 million tons per annum.
The site has been handed over to a coalition of contractors who must finish the first phase by the end of 2021.
The ministry clarified that the total amount of potato seeds expected to arrive for this season is 183,000 tons.
The president inaugurated the project on Tuesday.
Mega projects established in Upper Egypt can be a beacon of hope for smaller ones.