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Wednesday, 29 June 2016

Suez Canal Economic Zone signs container station management contract with Singapore in August

The General Authority for the Suez Canal Economic Zone will sign an agreement with Singapore to manage the second container station’s pier at East Port Said in August, authority chief Ahmed Darwish told Al Masry Al Youm. Egypt is constructing the station over an area of 2,000 sqm, he added. The pier will be completed by February 2017. The authority is also meeting with international companies to build a pier for cars and cargo, he added. Al Shorouk is reporting that the authority is revisiting the tax percentage on profits at the zone based on requests from investors to lower it below 22.5% to increase competitiveness.

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