The Finance Ministry has reportedly received “dozens of offers” from local and international firms in a tender issued by the Transport Ministry for the development of a dry port in Six October City, a ministry official tells Al Mal. The results of the tender will be announced after the bidding window closes on 7 March, he adds. The project, which will be developed under a PPP framework, will require an initial investment of around USD 100 mn, Transport Minister Hisham Arafat had said. Mather Group has been tapped as financial consultant, with Sarie - Eldin & Partners and Allen & Overy will as legal counsel, and Randall Environmental as technical advisor.

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