The Transport Ministry has received bids from three international consortiums to build the second container terminal at Damietta Port in a project worth USD 300 mn, Al Shorouk reports, citing sources close to the ministry which didn’t name the companies. The European Bank for Reconstruction and Development agreed in principle last year to lend the Damietta Port Authority EUR 400 mn to finance the construction of the terminal.
More from Enterprise
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail…
Retail investors now have direct access to five EFG Hermes mutual funds
The move is the latest step in EFG Hermes’ push…
Under-construction data centers tap ratings to fund AI buildup
Developers are securing investment-grade ratings to unlock new pools of…
Bahrain’s Beban eyes Egypt launch with equity crowdfunding model
Mohamed Aboulnaga’s Foras AI raises stake as Beban seeks FRA…