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Thursday, 28 June 2018

Agility Kuwait to invest USD 100 mn in first phase of East Port Said Port zone

INVESTMENT WATCH- Agility Kuwait expects to invest USD 100 mn in the first phase port of East Port Said logistics zone, Suez Canal Authority (SCA) boss Mohab Mamish said, Al Mal reports. Agility signed an MoU with the SCA on Tuesday to establish the zone. Feasibility and financial studies will take a combined 14 months to complete, after which the two sides will set up a joint company to manage the zone. No details were provided on when the construction of the zone will be completed.

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