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Tuesday, 12 March 2019

SCA looks to partner with Samsung or Daewoo on new shipyard in East Port Said

The Suez Canal Authority (SCA) is looking to partner up with either of Samsung Heavy Industries or Daewoo Shipbuilding & Marine Engineering Company to build a new shipyard in East Port Said Port, SCA’s shipbuilding advisor Sayed Abou El Fetouh said, according to Al Mal. News came after SCA boss Mohab Mamish visited the South Korea-based companies’ headquarters last month to explore cooperation avenues. The Suez Canal Economic Zone (SCEZ) aims to attract USD 55 bn in investments by 2024, Mamish also said.

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