Egypt, Abu Dhabi sign agreement developing maritime transportation

The Red Sea Port Authority signed an agreement Wednesday along with the general authority for Abu Dhabi Ports to boost the relations between Egypt and UAE.

The agreement is also aimed at developing both countries’ maritime transportation system, according to a press statement.

Minister of Transportation Hany Dahi said the agreement seeks to form new joint companies between both sides to encourage specialised companies’ investments. This would be focused on maritime transportation and ports development, and helping to pump in more investing opportunities.

Dahi emphasised that the substantial aim of the agreement is to exchange experiences in ports development and management.