The UAE’s AOC has been awarded a contract to develop a handling facility, a pier, and a logistical zone at the East Port Said port, as well as a sugar factory in the Suez Canal Economic Zone, for a total investment cost of USD 1.6 bn, Suez Canal Authority head Mohab Mamish said yesterday. Mamish is also in talks with an unnamed Egyptian company to develop a 600-meter multipurpose facility at East Port Said, Al Mal reports.

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