Egypt, Greece sign MoU to cooperate in maritime transport

CAIRO – 4 February 2021: Chairman of the Suez Canal Authority, Osama Rabei, witnessed the signing of a memorandum of understanding (MoU) with the Greek company Empire Chemical Tanker Holding Inc to support ways of joint cooperation in the fields of maritime transport.

The MoU stipulates a strategic partnership contract between the two sides in the field of maritime transport through the establishment of a joint subsidiary company that facilitates international trade, export and import operations of goods to and from Egypt by owning, operating and managing a group of ships and carriers.

The fields of work are also expanding according to the company's objectives to work on developing the Egyptian maritime fleet, enhancing its role in the maritime transport sector, in addition to maximizing the benefit of the promising opportunities offered by the partnership in the field of exchanging experiences, providing job opportunities, and other mutual benefits for both sides.

Rabie said that this joint cooperation with the Greek company contributes to opening new horizons for cooperation in the field of maritime transport in order to make optimal use of the experiences and capabilities of the Egyptian and Greek side in this field, and in a way that supports the general orientation of the Egyptian state by establishing partnerships with success partners and friendly countries. With whom we have long historical ties.

The head of the authority affirmed his permanent readiness to provide all means of support, facilitate procedures and overcome obstacles that would convert the memorandum of understanding into a tangible reality, indicating in this regard that a joint working group from both sides would cooperate during the coming period to prepare feasibility studies and complete the technical and financial studies necessary for the project.

The memorandum of understanding was signed by a representative of the Suez Canal Authority, Gamal Abu al-Khair, Director of the Planning and Research Department, and for the Greek company, Leonidas Polemis, CEO of the company.