Cairo - The Red Sea Ports Authority (RSPA) announced the implementation of new projects in the Adabiya and Tawfik ports with the aim of stimulating both domestic and foreign investment opportunities. Minister of Transportation Ibrahim El-Demeiry said that the projects include the building of a new cargo terminal which will “open new business opportunities and jobs” in Port Tawfik. The cargo terminal will span 250,000 sqm and accommodate medium-sized ships. The ministry said the capacity of the port would increase to 1.5m tonnes and offer 500 new job opportunities during the construction period and 2,000 opportunities after its completion. RSPA Chairman Hassan Falah said a station for stocking wheat will be established in the Adabiya Port.
The expected capacity of the station will be 2.5m tonnes and will offer 700 job opportunities while under construction and 1,500 jobs after the project is completed. Last week, the authority issued two international public bids for projects in the Safaga Port, located in the Red Sea Governorate, and the Al-Tour port in South Sinai. In February, the transportation ministry earmarked EGP 67m to dredge Damietta Port in order to accommodate giant ships. As part of a joint operation between Damietta Port Authority (DPA) and Suez Canal Authority subsidiary Timsah Shipbuilding Company, around 1m cubic metres will be dredged to contribute to the project. Source: Daily News Egypt