SCZone talks with Singapore’s PSA International over East Port Said container terminal ongoing, Deputy Head confirms

Talks are ongoing between the Suez Canal Economic Zone (SCZone) and Singapore port-operator PSA International for the building and management of a second container terminal in East Port Said that can hold an additional 3-4 mn units, Deputy Head Abdel Kader Darwish confirmed to Al Borsa. The two parties are expected to meet in February to resume discussions. We had reported in July that PSA International was considering backing out of the MoU it had signed in 2015, prior to the establishment of the SCZone.