Egypt opens port for private investment
Private investors will soon be invited to manage Egyptian ports. They will also be offered incentives to purchase commercial vessels. The Egyptian Ministry of Transport will retain ownership of the national ports, reported Al-Alam Al-Yaum.
A French business delegation, headed by Transport Minister Gilles de Robien, met with Egyptian Prime Minister Atef Ebeid last week and discussed modernization plans for Egypt’s shipping ports. — (menareport.com)
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