Suez Canal Authority, Kenya’s Tonasco Discuss Port Development Venture

Suez Canal Authority Chairman Osama Rabie has held talks with Abdul Wali Sharif, chairman of Kenyan company Tonasco, on potential cooperation in port development and marine construction.

The discussions explored establishing a company to work in those fields, bringing together the Egyptian authority and the Kenyan firm.

The proposed venture would focus on port construction and development, alongside marine construction works. The talks centred on examining opportunities for joint cooperation.

The available details did not indicate whether an agreement had been reached to establish the company, or specify a timetable for taking the proposal forward.