Port Said looks to establish new EGP 2 bn sports stadium

The Port Said governorate has proposed establishing a new sports stadium at a cost of EGP 2 bn, a government source told the local press. The Sports Ministry reportedly received the proposal, which involves establishing a large residential compound, the proceeds of which could finance the new stadium, via a consultancy firm. The existing Port Said stadium was deemed unfit to host any of the matches of the 2019 Africa Cup of Nations. A government-appointed committee has said it will cost EGP 400 mn to renovate it.