Two international companies are competing for the contract to draw up feasibility studies for an estimated $500 million port development in the Red Sea Free Zone, near Port Sudan.
China Harbour Engineering Company and an unidentified German company are in negotiations with the Sudanese Free Zones & Markets Company for the two-year contract. An award is expected in December.Established in 2000, the 14-square-kilometre zone is a mixed-use development catering for industrial, commercial and service activities. The area is set to be expanded to 26 square kilometres by 2025 under a four-phase development programme.The zone is located 38 kilometres from the country's overseas export hub at Port Sudan.You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.