14 November 2018 03:47 PM

PM: Egypt ready to provide all needed incentives to Maersk

Friday، 09 November 2018 - 08:55 AM

The Egyptian government is ready to provide Maersk and other international companies with all the needed and available incentives, Prime Minister Mostafa Madbouli said Thursday.

 

Madbouli also stressed that Egypt was open to any suggestions or proposals aimed at turning the Suez Canal Economic Zone (SCZone) ports to be more competitive.

 

The premier’s remarks came during his reception to Maersk’s Executive Vice President Søren Toft and Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish.

 

Toft thanked the Egyptian government for lowering the transit, guiding, and mooring fees on cargo ships docking and transiting through the ports of East and West Port Said.

 

The Danish official praised the service quality provided to Maersk, and also hailed the historic partnership between the company and Suez Canal Authority.

 

Maersk is planning to move a navigation line from Malta to Egypt in addition to expanding its operations in the country, Toft said.

 

On October 18, Mamish reduced the transit, guiding, and mooring fees on cargo ships docking and transiting through the ports of East and West Port Said to boost the competitiveness of the two ports regionally and attract more global navigation lines.

 

MENA

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