Dr. Hesham Arafat, transport minister said that maritime transport has witnessed a great investment leap this year; where a number of giant specialized projects will be announced for during the coming period at the ports affiliated to the ministry.
Arafat has added that the projects that are undergone in the Economic Region of the Suez Canal are a great achievement and that there is cooperation between ministry’s ports and the Economic Region: pointing out that the ministry has started implementation of two multi purpose terminals at Safaga and Neuweiba with a cost of 850 million dollar for the sake of serving trade traffic between Egypt and the world and linking with Arab countries and they are the first specialized terminals for cargo and containers on the Red Sea at South and north Egypt.
He also mentioned that they will start Petrochemicals project at Damietta port to serve Gas projects and converting Egypt to a world center in energy and pointing out that Egyptian ports affiliated to the ministry will achieve a net revenues profit reaching 9 milliard pounds this fiscal year 2017*/2018 withg an increase about 30% than previous year.
From his side admiral/ Reda Ismail, head of maritime transport sector said that the sector is one of the important vital and serving sectors which comprehend and support all other production sectors. Transport ministry has adopted a vision that targets fulfilling development requirements and reinforcing competitiveness regionally and internationally and increasing efficiency of transport services performance economically and technically within the framework of Permanent development. Where a Master plan has been set for ports and specialized terminals and also a mechanism has been set to achieve integration between working communities to support logistic performance indicators to upraise supply chain