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CAIRO / WAM
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 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.
The CEO of DP World, which operates the Ain Sokhna sea port in Egypt as part of a global network of 78 ports, said his group is interested in implementing an integrated investment plan in Egypt to support sustainable development.
”DP World is looking forward to expanding its operations in Egypt and increasing its investment in the Suez Canal Economic Zone by developing an integrated industrial, logistic and trade zone that includes fully-serviced residential and entertainment complexes.