Two fishing ports to be established in Shalatin: Red Sea Ports Authority

CAIRO – 4 August 2017: Two new fishing ports in Red sea will be established in 270 thousand square meters of the cities of Shalatin and Abu Ramad, Head of the Red Sea Ports Authority, General Hesham Abo- Senna announced on Friday.

Abo-Senna said in a press statement that the authority got the cabinet approval to established the new ports, and to allocate EGP 270 million ($ 15.16 million) to finance the two ports. The ports will be affiliated to the General Authority for Fisheries Resources Development (GAFRD) and the Red Sea Governorate. The establishment of the ports will be reflected on the value of fish wealth and contribute to providing job opportunities for youth.

Red Sea Ports Authority has achieved a EGP 1.3 billion revenue during the fiscal year 2016/2017, which marks a 125 percent increase above its target revenues during this fiscal year, the three largest ports that were affiliated to it have been transferred to the Economic Authority for the Development of the Suez Canal,, Abo Senna added.

The Authority has announced the completion of its investment plans for the ports in the fiscal year 2016/2017, and coordinated with companies and shipping agencies to pay the debts owed to them.