SCZone, EGPC to launch new company to service ships

The Suez Canal Economic Zone (SCZone) and the Egyptian General Petroleum Corporation (EGPC) are launching a new company to service ships in the East Port Said Port, in cooperation with the Port Said Shipping Chamber and the private sector, Al Borsa reports. President Abdel Fattah El Sisi gave SCZone head Mohab Mamish the green light on the project during a meeting yesterday. A consultancy firm will be contracted to study the project and help determine each party’s shares in the company, according to Port Said Shipping Chamber President Adel Lamei.