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.
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