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Wednesday, 28 February 2018

Gov’t launches EGP 300 mn development plan for Abu Ramad, Shalatin

The Red Sea Ports Authority and Military Productions Ministry signed yesterday a cooperation protocol to begin work on EGP 300 mn worth of development projects in Abu Ramad and Shalatin, Al Mal reports. The projects include a EGP 120 mn port in Abu Ramad and a EGP 150 port in Shalatin, in addition to two water treatment plants and two waste treatment facilities to service the two ports at a cost of EGP 30 mn. The announcement comes as Egypt and Sudan appear to be de-escalating tensions over sovereignty of the Halayeb and Shalatin triangle. Sudanese Foreign Minister Ibrahim El Ghandour had said over the weekend that the two sides suggested transforming the triangle into an integrated Sudanese-Egyptian area.

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