Ain Sokhna port hits snags

Arab Finance
1 Min Read

Exporters say that an ongoing dispute between the Egyptian government and Dubai World, the company which runs the port of Ain Sokhna, has resulted in a halt on cargo exports for more than a month, with freight piling up at the seaport and exporters and importers incurring huge losses, Al-Masry Al-Youm reported.

Mohsen Ahmed, general director of customs at Ain Sokhna, said however that work in the port continues with no stoppages. He said incoming goods are being released normally, and denied there was any dispute with the government.

Dubai World also dismissed the allegations.

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