Egypt Denies Granting SC Navigation Rights to Abu Dhabi Ports Group

The Cabinet’s media center denied on Tuesday reports that navigation rights in the Suez Canal had been granted to Abu Dhabi Ports Group under a 50-year usufruct agreement on the back of the signing of a deal to develop an industrial zone between the General Authority for the Suez Canal Economic Zone (SCZone) and the group.

A video clip posted by the center on social media platforms made clear that the signed agreement aims at developing Kizad East Port Said and has nothing to do with navigation…