Egypt signs MoU with China's C&D for dry bulk terminal at El-Max port

Egypt has witnessed the signing of a memorandum of understanding with China's Xiamen C&D for a dry bulk terminal at Alexandria's El-Max port.

• Transport Minister Kamel El-Wazir witnessed the signing between Alexandria Port Authority head Ehab Salah and C&D chief executive Liu Rongdian.
• The terminal is the first of four planned at El-Max port under the Greater Alexandria Port development scheme.
• El-Wazir said the project will create thousands of jobs and cut supply-chain costs for cement, steel and heavy industry exports.
• Liu said the Chinese president's visit to Egypt drew Chinese firms to invest, calling the terminal the start of further cooperation.