A Memorandum of Understanding (MoU) has been signed by the Egyptian Ministry of Transportation and the Port of Singapore Authority (PSA), whereby Singapore will operate and develop Egyptian maritime ports, according to the Cairo Post.
Egyptian President Abdel Fatah al-Sisi visited Singapore recently to discuss and sign agreements that would see three desalination plants built in Egypt.
Alaa Youssef, Egyptian presidential spokesperson, said: “President El Sisi lauded Singapore’s experience in economic and social development, underscoring his admiration for the level of progress that Singapore has achieved in the areas of the development, management and operation of seaports.”
Saad al-Geoushi, Minister of Transportation for Egypt said the MoU aims to “transfer of expertise, knowledge and technology from Singapore’s ports to the various Egyptian ports like Alexandria and Damietta.”
