Supporting Greater Capacity and New Jobs in the Egyptian Maritime Industry
ICIEC recently covered a contract of approximately USD 9.6 million, which will see an expansion of the Alexandria Port in Egypt – doubling its existing capacity. Currently handling approximately 60% of Egypt’s foreign trade, expansion of the Port will see Egypt grow as a center for world trade and global logistics within the Middle East. The project is an implementation of the Egyptian Maritime Transport Strategy, which aims to increase the competitiveness of Egyptian ports within the region. ICIEC’s support for the project will contribute to the creation of 3000 temporary construction jobs, in addition to almost 3000 direct and 2000 indirect long-term jobs.