Egypt to get one of the largest terminals in the Middle East

10/8/2007 9:53:28 AM

Ahli United Bank and Arab Banking Corporation have signed an agreement with Damietta International Port Company 9 (DIPCO) for financing the development of a US$480 million container terminal, set to be the largest of its kind in the Middle East, within the Port of Damietta on Egypt's Mediterranean coast. The new container terminal is part of DIPCO's plans to transform the port into a major transhipment hub in the eastern Mediterranean. No further details of the project was available. CargoNewsAsia

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