The Egyptian Cabinet: We will not sell the Nile River ports to foreign countries

Today, Saturday, the Egyptian government confirmed that Egyptian ports are fully state-owned and subject to Egyptian sovereignty and will remain so.

In a statement, the media center of the Council of Ministers denied the news of the state’s intention to cede the ports of the river Nile to a foreign state in under the bill reorganizing the General Authority for River Transport.

The statement indicated that the bill aims to encourage the private sector to invest in the river transport sector “without selling or transferring ownership” of any of the river transport ports, by unifying the body that issues licenses to carry out the work of transport of passengers, goods, missions, materials of all kinds, containers, management and operation of shipping lines and ports.

The Cabinet said public utility obligations will be granted to investors, whether Egyptian or foreign, for the purpose of establishing, managing, operating, maintaining and exploiting ports, river anchorages, locks and shipping lanes, according to the contractual system according to the nature of each project, while respecting the conditions and procedures that guarantee the protection of tale facility, indicating that these Facilities and facilities will be transferred to the State at the end of the commitment period, free of charge and in good conditions.

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