Al Arafa’s Shipping Activities In Canal Ports Shifted To Alex On Unrest

Amid the current security situation in Suez Canal provinces, notably in Port Said – Al Arafa for Investment and Consultancies – (AIVC.CA) has decided to shift its shipping operations to Alexandria port instead of Port Said.

Alaa Arafa, CEO of Al Arafa for Investment and Consultancies, stated on Wednesday that the company stopped shipping goods to Suez Canal ports due to lack of security in the roads leading there.

“In the last few days I couldn’t import equipment for my factory in 10th of Ramadan”, Anadolu Agency reporter said.

Arafa stated that, the current political unrest will has a greater negative impact on Egypt’s economy.

He pointed out that, pumping new investments, adding new investors or increasing tourism rates in the current conditions is like a sort of imagination.