Egyptian President Abdel Fattah Al Sisi received Sultan Ahmed Bin Sulayem, Chairman of the Board of Directors and CEO of DP World Group, and agreed upon establishing a joint company between General Authority of Suez Canal Zone and DP World.
During the meeting DP World said it would establish the company to implement a series of projects in the region. Chairman of the Suez Canal Authority Eng. Mahab Mameish was also present.
The Egyptian President expressed Egypt’s great appreciation for the UAE and its wise leadership, praising the UAE’s support for the will of the Egyptian people.
He also welcomed the enhancement of cooperation with DP World and the expansion of its activities in Egypt, supporting the international trade movement and developing the international port industry.
The president stressed that the Egyptian government will provide all aspects of support to start the projects as soon as possible.
The Canal is one of the most promising areas in the Arab Republic of Egypt due to its logistical and strategic location in the world.
During the meeting, Sultan Ahmed Bin Sulayem reviewed the company’s activities in Egypt, which manages Sokhna port.
There are 78 sea and land ports managed by 40 other countries in the world.
He stressed the company’s keenness to implement an integrated investment plan in Egypt.
Sulayem hoped that DP World would enhance its activities in Egypt and develop its investments in the economic zone through the establishment of an integrated industrial, logistic and commercial zone including all services and residential and recreational areas.
Sulayem pointed out that the Suez Canal is one of the most distinguished areas in the world economically, as well as its proximity to various international markets and the acquisition of a large part of the trade movement universally, especially since the Canal represents the backbone of maritime transport at the international level.