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Tuesday, 07 January 2014

Suez Canal has plan for logistics hub

The Suez Canal Authority has invited 14 consortia to present plans to develop the waterway into a logistics and industrial hub, the Journal of Commerce (JOC) reported today.

The successful bidder will be selected within three months and will have a further six months to present a master plan, said JOC, adding that this will be followed by a conference of international investors in November.

The Journal of Commerce quotes the Egyptian government as saying that work on the project could begin as early as 2015.

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