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Thursday, 2 December 2021

Edita and Chipita bury the hatchet + Tenth of Ramadan dry port tender coming January 2022

DISPUTE WATCH- Edita settles case against Greek food manufacturer Chipita: Edita Food Industries signed an amicable global settlement agreement with Chipita Industrial and Commercial Company and Chipita Participations, the company said in an EGX disclosure (pdf) yesterday. The statement did not disclose what the terms of the agreement were. Edita had started legal proceedings last year over a contractual dispute related to a manufacturing and technical services agreement signed in 2011.

The long-awaited tender for the Tenth of Ramadan dry port will be launched in January 2022, head of the General Authority for Ports and Dry Land Amr Ismail told Al Borsa. There are already six consortiums who have come forward with offers to build and operate the EGP 3.5 bn dry port and logistics hub. The port aims to serve Tenth of Ramadan, Badr, Ain Sokhna, East Port Said, and the new administrative capital by linking the project with the railway network to reach seaports and transport goods.

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