Singapore to Operate Egyptian Ports


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.”

Egypt recently announced a US$100 billion road-show, which was designed to promote large amounts of foreign investments from Europe for the Suez Economic Zone.

The $8 billion Suez Canal was inaugurated in August, 2015 where the French President, Francois Hollande was present for the opening ceremony.

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