Middle East

Ports tie up between Egypt and Abu Dhabi

Cairo: Egypt’s Red Sea Port Authority and Abu Dhabi’s counterpart will establish joint companies encouraging marine investments, following an agreement signed in Cairo yesterday.

Minister of Transportation Hany Dahi said the agreement seeks to form new joint companies focused on maritime transportation and ports development.

“Both sides will promote two main things, which are the other country’s port along with its free trade zone in order to be identified enough to the maritime companies, exports, imports companies and shipping agents,” Dahi said.  [22/01/15]

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