The government has threatened to withdraw a contract granting DP World the right to run a containers depot at Ain Sokhna port due to the company’s failure to implement investments stated in its contract with the Egyptian government since it bought the terminal.
An admonition sent by the Red Sea Ports Authority to the company’s office at Ain Sokhna last month requested the company to set a timetable for officially signing contracts with the government and carry out the investments and works agreed upon in the contracts, including works at a containers’ terminal and a logistics zone.