The Red Sea Ports Authority is mulling reissuing its tenders for two multi-purpose cargo and container storage facilities at the Safaga and Nuweiba ports, worth USD 80 mn each, authority head Ayman Saleh told Al Shorouk. The authority signed an MoU in 2017 with the China Road and Bridge Corporation (CRBC) for USD 1.35 bn-worth of port development projects, including the two storage facilities, but CRBC has yet to carry out feasibility studies or present offers for the projects.

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