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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie
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Cypriot "UW" Group eyes investment in the Port Said Naval Shipyard


Thu 10 Jul 2025 | 07:34 AM
Basant Ahmed

The Cypriot "UW" Group is looking to invest in the Port Said Naval Shipyard with the aim of transforming it into a world-class shipbuilding facility, offering maintenance, repair, and green scrapping services. 

This was stated during a meeting between Osama Rabie, Chairman of the Suez Canal Authority, and a delegation from the Cypriot group specializing in ship repair and maintenance services, according to a statement issued by the Authority.

 Both parties agreed to study the partnership proposal and to hold further meetings to discuss all technical and economic aspects.