Friday, March 24, 2023

Egypt Signs Port Deals with Chinese and European Companies

 Al-Monitor published on 17 March 2023 an article titled "Egypt Signs $1.6 Billion Deals with China, EU Companies to Develop Sea Ports."

The Suez Canal Economic Zone signed an agreement to develop and manage the container terminal in the Sokhna Port in the Red Sea with the Hong Kong-based Hutchison Ports, the French shipping company CMA CGM, and the Chinese state-owned COSCO Shipping.

The Zone authority signed a second agreement to develop the Dekheila Port near Alexandria on the Mediterranean with Hutchison Ports and Switzerland-based Mediterranean Shipping Company.