Moroccan investor bids for construction of port in Egypt

A Moroccan investor is bidding for an international tender launched by the Egyptian government for the construction of one of the largest Egyptian ports in Port-Said, 200 km north of Cairo.

The Moroccan investor, Ahmed Al-Halba, who represents the Italian "TREVI" company, operating in the fields of engineering, construction and infrastructure, said the port, whose cost is assessed at $70 to $80 million is one of the strategic projects in Egypt.

Al-Halba said some six international financial holdings are bidding for the project.

The Moroccan businessman is settled in Italy and participates in major development projects in Morocco and in several other Moroccan countries.