President Abdel Fattah El Sisi on Tuesday underlined the necessity of working to attract more investments into the Suez Canal zone through easing difficulties to investment there.

At a meeting with Head of the Suez Canal Authority Mohab Mamish, the president underlined the importance of boosting cooperation with German companies operating in the zone, said Presidential Spokesman Ambassador Alaa Youssef.

The president urged setting up a company for logistics and ship services in Port Said, added the spokesman.

The company is to be set up in cooperation with the Suez Canal Economic Zone (SCzone) and the General Authority for Petroleum along with the private sector.

For his part, Mamish expounded developments of upgrading the SCzone in cooperation with International Dubai Ports.

He further noted that navigation through the canal has seen a record number of ships transiting the waterway as up to 146 vessels crossed the canal at total revenues of 459.7 million dollars.

Source : Mena