DP World and the Suez Canal Economic Zone (SCZone) will form a joint venture to implement development projects in the SCZone, Ahram Online reports. President Abdel Fattah El Sisi approved the company’s founding at a meeting with SCZone Authority Chairman Mohab Mamish and DP World CEO Sultan Ahmed Bin Sulayem. DP World, which operates the Ain Sokhna sea port in Egypt, is planning on expanding its investments in the country in the coming period, said Bin Sulayem.

Tags: