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Tuesday, 21 January 2020

DP World CEO sees Egypt as growth market

DP World sees Egypt as growth market: DP World CEO Sultan Ahmed Bin Sulayem described himself as “bullish” on Africa and praised Egypt’s economic policies as being pro-growth during an interview with Bloomberg ahead of the World Economic Forum in Davos (watch, runtime: 4:48). “I’m very bullish on Africa. Look at Egypt, for example. With good policies, with sound policies. There is growth. That mirrors our expansion,” he said, referring to a number of projects being developed by the company in Egypt. The Dubai-based company has invested USD 520 mn into building a second dock at its Ain Sokhna port that will double its capacity after it completes construction in 2Q2020. The company is also planning to establish a logistics zone in Tenth of Ramadan City.

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