President Hosni Mubarak opens new harbor in eastern Port Said today

Egypt's President Hosni Mubarak opens today the new harbor that was built in eastern Port Said at the cost of nearly LE 1.8 billion.

The construction of the new harbor is part of a comprehensive national plan to overhaul and modernize the Egyptian ports, to which Egypt has already earmarked LE 10 billion.

The new Port Said harbor which is located at the eastern entrance of the Suez Canal is to serve an ambitious project to turn eastern Port Said and northern Sinai into an international center for storage and transit trade.