PHOTO
Image used for illustrative purpose. Construction equipment is seen as container ships cross the Gulf of Suez towards the Red Sea before entering the Suez Canal, in El Ain El Sokhna in Suez, east of Cairo, Egypt April 24, 2017.
Cairo – The President of the Suez Canal Authority, Osama Rabea, and the Chairman of the Egyptian-Chinese J.V. Company for Investment, Mohamed Adel Fathy, witnessed the signing of a protocol of cooperation to utilise and market a land plot owned by the authority in Ain Sokhna.
The land plot will be offered to investors for the establishment of small- and medium-sized enterprises (SMEs), according to a statement on Wednesday.
The Egyptian-Chinese J.V. Company for Investment will be the industrial developer of the land which covers an area of 600,000 square metres in northwestern Gulf of Suez.
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