The two parties explored the possibility of forming a partnership to develop the Port Said Shipyard by attracting investments to upgrade the facility into a global hub for shipbuilding, repair, maintenance, and green ship recycling.
During the meeting, both sides discussed mechanisms for joint cooperation to attract oil tankers and dry bulk carriers operating between Europe and Asia, with the goal of encouraging them to return to using the Suez Canal.
The agreement outlines potential areas of collaboration, focusing on training, ship repair, and maintenance.
This partnership will promote consistent engagement between both parties and facilitate information and expertise exchange.
He highlighted the aim to discuss mechanisms for boosting cooperation, as well as transit and marketing policies.
