Egypt approves special free zone in Alexandria port

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Egypt approves special free zone in Alexandria port

STORY: Egypt approves special free zone in Alexandria port DATELINE: April 7, 2022 LENGTH: 0:00:51 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Alexandria port STORYLINE: Egyptian Council of Ministers, at its meeting on Wednesday headed by Mostafa Madbouly, approved the establishment of a special free zone for the Egyptian Group for Multi-Purpose Stations Company. The project aims to establish, exploit and manage a multi-purpose terminal on berths 55-62 at Alexandria Port in an area of 539,000 square meters for handling containers and general cargo at an investment cost of about 500 million U.S. dollars with 100 percent Egyptian investments. The Alexandria Port Authority, the Suez Canal Authority, the Holding Company for Maritime and Land Transport and Alexandria Container Handling Company will contribute to the project. Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones, explained that the establishment of the multi-purpose terminal at Alexandria

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