UAE national company lands dredging contract for Damietta port

Some things we’re keeping an eye on this morning:

• The UAE’s National Marine Dredging Company has been awarded a AED 290 mn contract for dredging work at Damietta Port, the company said in a disclosure (pdf) to the Abu Dhabi Securities Exchange (ADX) on Sunday. The project, which is expected to be implemented in 17 months, will deepen the basins and sea lanes of the port.
• A new B2B wholesale ecommerce platform has kicked off operations in Egypt. GahezMarket connects retailers to factories manufacturing readymade garments, accessories, and other items.