BUSINESS

Egypt Damietta Container Handling To Launch Tender After Eid -Report

Egypt's Damietta Container Handling Co. plans to launch an tender after the Eid Al Fitr holidays for a project to deepen Damietta port and develop parts of it at a preliminary cost estimated at 400 million Egyptian pounds ($67.2 million), Cairo-based Al Ahram daily reports Tuesday citing an executive.

Zawya Dow Jones News

August 30, 2011

Tuesday, Aug 30, 2011

BEIRUT (Zawya Dow Jones)--Egypt's Damietta Container Handling Co. plans to launch an tender after the Eid Al Fitr holidays for a project to deepen Damietta port and develop parts of it at a preliminary cost estimated at 400 million Egyptian pounds ($67.2 million), Cairo-based Al Ahram daily reports Tuesday citing an executive.

The tender will target local and international contractors and the project will enable the port to accommodate giant vessels, Mohamed Saad Zaghloul, the company's chairman, said according to the paper.

Newspaper website: http://www.ahram.org.eg/Economy/News/98226.aspx

-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com

(END) Dow Jones Newswires

30-08-11 0704GMT