East Port Said harbor to be completed in 2018 says Mamish

Mohab Mamish, Suez Canal Authority Chairman  revealed that the East Port Said harbor will be finalised in 2018.

In press statements, Mamish said that the authority is implementing short, medium and long term projects for developing the ports of Ain Sokhna and East Port Said. He said all countries, especially Arab and Gulf ones, can invest in the Suez Canal zone, noting that efforts are underway to amend investment laws to further attract investors.

Mamish noted that the authority’s projects will secure one million jobs for Egyptian youths by 2030.

Meanwhile, Mamish noted that the Suez Canal revenues rose in the first quarter of 2016 in comparison with the corresponding period of 2015 despite international trade stagnation and a drop in oil prices.

Mamish made the remarks during a visit to Kuwait to sign a memorandum of understanding with the Kuwait Petroleum Corporation to allow Kuwaiti oil tankers to cross the international waterway.

Source: SIS