China Harbour to Invest in Egypt’s Global Logistics Centre – Minister

Big 5

The world-renowned international contractor, China Harbour Engineering Company Ltd. has offered to form a consortium with Egypt to invest in the global logistics centre project, Egyptian supply minister said.

China Harbour Engineering Co Ltd or CHEC is a state-owned engineering contractor, providing infrastructure construction, such as marine engineering, dredging and reclamation, road and bridge, railways, airports and plant construction.

Minister Khaled Hanfi made his remarks following his meeting with a delegation from China Harbour including its regional director for the Middle East and North Africa region and in the presence of officials from the Egyptian ministry of supply.

The Egyptian government has given its initial approval on CHEC’s offer to take part and invest in the global centre project for the handling and storage of grain and food commodities, with the aim of strengthening bilateral trade ties between Egypt and China, the minister noted.

Hanafy further said China Harbour Engineering Co Ltd is the fourth largest in the world in financing and providing infrastructure for marine engineering projects, with business activities covering more than 80 countries and areas.

Moreover, the Egyptian minister referred that his country had so far received more than 30 alliance offers so as to invest in the global logistics centre project. The list of bidders for the Egyptian giant project includes international leading companies and investors worldwide such as UAE, Saudi Arabia, Kuwait, Sudan, Uganda, USA, Canada, Italy, France, Russia, Slovenia, etc.

Comments
Loading...