Alex Port Authority taps Sarie Eldin to advise on multipurpose platform project

The Alex Port Authority has tapped Sarie Eldin & Partners as legal advisor for the USD 450 mn multipurpose platform project at the Alex Port, an unidentified source tells Al Mal. The port authority had signed an agreement with the Suez Canal Authority and the Land Maritime Transport Holding Company to establish a EGP 500 mn holding company to construct, manage, and operate the platform. The facility was originally meant to be constructed by China Harbour until talks reached an impasse due to pricing.