FILE: Head of the Suez Canal Authority MohabMamish
PORT SAID - 17 December 2017: The Suez Canal Authority signed a Memorandum of understanding (MoU) with the French company CMA CGM Group to operate the new container terminals at East Port Said Port, Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish said on Sunday.
The 1200-square meter terminal is set to be implemented through two stages.
Mamish added two-day meetings will be held between the representatives of the SCZone and the French company on Tuesday to resume talks on managing and operating the new terminal.
An agreement has been reached with Singaporean company PSA to form a committee tasked with outlining the operation and management of new container terminal, Mamish went on to say.