Home
Loading...
You are here:  Home  >  Business  >  Current Article

Second container terminal in Ain Sokhna Port ready by end of month

  /   No Comments   /   756 Views

EGP 5bn worth of investments will be used to construct the terminal

Walid Abd al-Ghaqar, general coordinator for the Suez Canal Development Project, said that a second container terminal will be constructed in the fifth basin of the Ain Sokhna Port by the end of the month.

The project will be funded by EGP 5bn worth of international investment.

And al-Ghaqar stated that he was reviewing the final draft of the project’s terms and conditions.  He said the project would help jumpstart Egypt’s economy, and help strengthen the role to be played by public sector institutions in development.

 

 


You might also like...

CBE raised interest rates to combat inflation, which threatens inflation of the cost of government debt, given that the state is the largest borrower from the bank.

(DNE Photo)

Returns on treasury bills rise, negative impact on economic growth expected

Read More →