Cairo – The Chairman of the Suez Canal Authority (SCA), Osama Rabie, has witnessed the signing of a bilateral settlement with the world’s large, A. P. Moller – Maersk, on areas of mutual curiosity.

Egypt’s SCA stated Maersk group intends to pump investments price about $500 million within the new berth in East Port Mentioned, in keeping with an official assertion on Thursday.

Below the deal, Maersk will function a brand new 1,000-long container berth and improve the variety of cranes to 30, all electrically powered as a substitute of diesel, a step that may scale back the terminal’s emissions and remodel it right into a inexperienced one by the tip of 2030.

The announcement was made on the sidelines of Rabie’s four-day go to to the Netherlands and Denmark, which passed off from 7-10 August 2022.

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