Prime minister inspects Ain al Sukhna port
Egypt, Economics, 8/13/2001

Egyptian Prime Minister Atef Ebeid Sunday inspected installations at the new Sukhna port.

The Prime Mister told reporters that his inspection visits to the new port take place at directives of President Hosni Mubarak with the aim of defining the role of the government in serving Ain Al- Sukhna Port which is run by the private sector under the BOT (Build Operate Transfer) system.

Experimental operation of the port began early this month and will have a promising future. It will serve transit trade in the area, both coming from Asia and from Europe through the Suez Canal, in addition to Egypt's trade with world countries.

The Prime Minister said that 75 per cent of the installations and utilities and roads at the port have been completed.

Minister of Petroleum Sameh Fahmi said that a joint Egyptian company between the Ports Authority and Ain Al-Sukhna Development Company, and in collaboration with the Ministry of Petroleum, will be set up to provide bunkering service transit ships and oil tankers in the Gulf of Suez at a capacity of 10 million tons. The company will begin operation by the end of this year.

Previous Stories:
  Banks exchange offices compete to lure customers   (8/9/2001)
  US investments in Egypt on rise   (8/9/2001)
  New foreign exchange regime bearing fruit   (8/9/2001)

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