Greek-Chinese Delegation Scout Investment Opportunities In Red Sea

Wednesday, 8th March 2017

A Greek-Chinese business delegation yesterday scouted investment opportunities in ports located along the Red Sea coast, EgyNews reports.

At a meeting on March 7 with head of the Red Sea Ports Authority (RSPA) Hesham Abou Sinna, the delegation comprising representatives from Chinese and Greek companies stated it is willing to invest in sustainable and integrated projects at the Red Sea ports.

Abou Sinna presented to the Greek-Chinese delegation a host of sustainable development projects in the ports of Safaga and Nuweiba.

The firms, led by China Gezhouba Group Corporation, stated they are interested in investing in the multi-purpose station at Safaga’s port.

The visiting companies, which are planning to invest USD 60 bn in Africa, are now carrying out feasibility studies on opportunities in the Red Sea ports.

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