translated by : Heba E Heiba
President Abdel Fattah Al-Sisi agreed on Wednesday to establish a joint development company between Suez Canal Authority and Dubai World Ports Group to implement projects in the Suez Canal area. He stressed that the Egyptian government will provide all necessary support to start implementing projects as soon as possible. .
This came during the meeting held by President Al-Sisi today with Suez Canal Authority Chairman and Chairman of the General Authority for Suez Canal Authority Sultan Ahmed Bin Sulayem, Chairman and CEO of Dubai Ports Group.
President Al Sisi welcomed the strengthening of cooperation with the DP World Group and the expansion of its activities in Egypt, especially in light of its important role in supporting the international trade movement and developing the international ports industry.
During the meeting, Sisi expressed Egypt’s great appreciation for the UAE and its leaders, praising their positions in support of the will of the Egyptian people.
For his part, Sultan bin Sulayem reviewed the group’s activities in Egypt, which manages the port of Sokhna within 78 sea and land ports, which are managed in 40 countries around the world. He stressed the company’s keenness to implement an integrated investment plan in Egypt, Achieving sustainable development.
Bin Sulayem praised Egypt’s achievements in the implementation of the new Suez Canal project in record time and by providing funding in one week with pure Egyptian funds.
The Group looked forward to enhancing its activity in Egypt and developing its investments in the economic zone through the establishment of an integrated industrial, logistic and commercial zone including all services and residential and recreational areas in light of the positive attitudes of the Egyptian government and its leadership to overcome the various obstacles facing investors. Egypt is witnessing a great economic development and its appreciation that the Suez Canal region is one of the most distinguished areas in the world economically, as well as its proximity to various international markets and the acquisition of a large part of the global trade movement, And that of the Suez Canal represents the backbone of maritime transport at the international level.