The Suez Canal Authority (SCA) has officially rejected an offer from China’s Qingdao Port to build a new container terminal at Ain Sokhna Port due to ongoing expansion plans being carried out by the UAE’s DP World at the same port, Al Mal reported. The SCA turned down the offer after more than two years of negotiations ended. China had hoped to use the terminal to enter African markets as part of its One Belt, One Road initiative.

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