DP World، Suze Canal set up joint development company
Wednesday 09/August/2017 - 11:13 PM
DP World، a leading enabler of global trade، announced on Wednesday the establishment of a joint development company with the General Authority for the Suez Canal Economic Zone in Egypt.
The new venture will develop projects in the Suez Canal Zone، one of the most promising trade zones given the caliber of its logistics facilities and its strategic location.
Egypt's President Abdel-Fattah El-Sisi has agreed to the establishment of a joint development company between the General Authority for the Suez Canal Economic Zone and Dubai Ports to execute development projects in the Suez Canal area.
He stressed that the Egyptian government will work on facilitating the completion of these projects as soon as possible.
President El-Sisi met on Wednesday with the Adm. Mohab Mameesh، Chairman of the Suez Canal Authority، and Sultan Ahmed Bin Sulayem، Group Chairman and CEO of DP World.
He praised the co-operation between the Egyptian government and DP World، expressing appreciation for the relations between Egypt and the United Arab Emirates.
He welcomed the co-operation with DP World and its plans to expand its operations in Egypt as part of its significant role in stimulating global trade growth and the development of the international port industry. - WAM