In addition, a subsidiary named Mashreq has the lease for a 210,000-square-meter (52 acre) area of land in East Port Said, which is near the Suez Canal’s Mediterranean terminus. Mashreq is in the process of building a logistics hub and tank terminal, the first of its kind in the area, that will expedite trade with other nations and help Egypt take full advantage of the Suez Canal. Mashreq will also provide fuel bunkering services for ships that are traveling the Suez Canal.