Wednesday 20 August 2014

Bahrain firm wins Suez Canal hub project contract - Construction - ArabianBusiness.com

Bahrain firm wins Suez Canal hub project contract - Construction - ArabianBusiness.com:



"Egypt's Suez Canal Authority announced on Tuesday that a Bahrain-registered firm is to develop a huge industrial and logistics hub around the canal, but gave no details of the project itself.



The Egyptian army is a local partner in Dar Al-Handasah Egypt through the Armed Forces Engineering Authority, army and government sources have told Reuters.



A plan to develop the canal was announced under former President Mohamed Mursi last year but opponents accused him of attempting to sell public land to foreigners and the project was shelved for many months. Thearmy ousted Mursi in July last year following mass protests."



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