The Emirates supports Egypt's port development
The cooperation in logistics and port management between Egypt and the United Arab Emirates is part of the Egyptian government's objective to modernise its port facilities and improve the competitiveness of its ports. In this way, Cairo hopes to increase the efficiency of port services, which will contribute to an increase in the country's economy.
With the help of Abu Dhabi Ports, Cairo hopes to improve its access to global maritime trade markets through the modernisation of its existing port facilities. This includes improving security services, quality control and increasing operational efficiency. The work will also involve the extension of the ports' existing wharves and inland transport services, and the agreement will allow Cairo to develop new business areas such as maritime tourism, logistics and marine energy.
The Emirati group's investment in Egypt represents a great opportunity for the country of the Nile. The move helps the North African country harness the potential of the 10 ports and terminals to increase foreign investment, upgrade existing infrastructure and increase trade and capital inflows. This will be a step forward in the modernisation of the Egyptian economy and for the Emiratis as well, as they will be able to offer professional advice and services, which will help ensure that investments are efficient and profitable.