An agreement has been signed between Egypt’s Suez Canal Authority (SCA) and the Red Sea Ports Authority and DP World and Sonker Bunkering Company for the development of a new Egyptian seaport at Ain Sokhna.
In the next year, this joint venture will construct a new port next to the current oil tanker harbour.
The venture’s capital will be 60% Egyptian-owned, and the remaining 40% shared equally by DP World and Sonker.
