Prime Minister Mostafa Madbouly said his visit on Thursday to the Suez Canal Economic Zone (SCZone) comes within the framework of the keenness of the state on development of the SCZone and providing different potentials and services to promote its ability to attract more foreign investments in the different sectors to support the role of this zone in increasing employment opportunities and supporting exports.
Abu Dhabi Ports Group initiated a 15-year concession agreement with the Red Sea Port Authority (RSPA) to operate and manage three cruise terminals at Safaga, Hurghada, and Sharm el-Sheikh ports. The agreement also encompasses the renovation of the Sharm el-Sheikh terminal, aiming to enhance the cruise tourism experience in Egypt. A definitive concession agreement is expected to be concluded in the first quarter of 2024, subject to regulatory approvals.
Egypt: Abu Dhabi Ports Initials $3 Mln Agreement to Develop, Operate Three Egyptian Cruise Terminals allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.