The Damietta port has begun the trial runs on new shounas funded by a grant from the United Arab Emirates, Al Ahram reports. According to the port head, General Ayman Saleh, there are several other projects worth EGP 5 bn in the pipeline, and are expected to be completed over the next three years.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…