The Suez Canal Authority (SCA) is looking to partner up with either of Samsung Heavy Industries or Daewoo Shipbuilding & Marine Engineering Company to build a new shipyard in East Port Said Port, SCA’s shipbuilding advisor Sayed Abou El Fetouh said, according to Al Mal. News came after SCA boss Mohab Mamish visited the South Korea-based companies’ headquarters last month to explore cooperation avenues. The Suez Canal Economic Zone (SCEZ) aims to attract USD 55 bn in investments by 2024, Mamish also said.

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