The Suez Canal Authority, DP World, and the Holding Company for Maritime and Land Transport signed yesterday an MoU to form a consortium and compete in the tender for the 6 October dry port, according to an SCZone statement. The bidding window for the port had been expected to close on 7 April, after the deadline was pushed by a month in response to several extension requests from parties interested in the project. Transport Minister Hisham Arafat had previously said the project would need an initial investment of USD 100 mn, and would be developed under a PPP framework.

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