Three groups compete to build 104-acre dry port west of Cairo

Three consortiums are competing to build a dry port west of Cairo worth $100 million. (AFP/File Photo)
Updated 11 February 2019
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Three groups compete to build 104-acre dry port west of Cairo

CAIRO: Three consortiums are competing to build a dry port west of Cairo worth $100 million, the Egyptian finance ministry said on Sunday.
The project will be a public-private partnership between the General Authority For Ports and Dry Land and the winning consortium, to be built on 104 acres in 6th of October City, west of the capital.
It will be built “as a port for customs clearance of containers handled through the Alexandria and Dekheila ports, which will contribute to easing container traffic,” the ministry said in a statement.
Technical and financial bids are expected to be presented in May, after which the winning bidder will be announced, the ministry said. The agreement will last up to 30 years, after which the port will be owned by the state.
Container Corporation of India Ltd. leads one of the consortiums with Egypt’s Hassan Allam Holding and Singapore’s PSA International Pte Ltd.
The second consortium is led by the UAE’s DP World in a partnership with the Egypt-based Holding Company for Maritime and Land Transport SAE.
Egypt’s Elsewedy Electric leads the third consortium, which includes Schenker Egypt and Egypt-based 3A International.


Samsung delays Galaxy Fold media events in China

Updated 22 April 2019
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Samsung delays Galaxy Fold media events in China

  • Instead of plaudits ahead of the phone’s launch on April 26 in the US, Samsung has instead received brickbats
  • The hashtag #foldgate trended on Twitter because of the smartphone issues

SEOUL: Smartphone maker Samsung postponed media events for its Galaxy Fold planned for this week in Hong Kong and Shanghai, a company official said, days after reviewers of the foldable handset reported defective samples.
The official did not elaborate on reasons or rescheduling.
Instead of plaudits ahead of the phone’s launch on April 26 in the United States, the South Korean conglomerate has been blighted by technology journalists reporting breaks, bulges and blinking screens after using their samples for as little as a day.
Samsung said it received “a few” reports of damage to the displays of samples of the $1,980 handset, raising the specter of the combustible Galaxy Note 7 three years ago which the firm ultimately pulled from shelves at massive cost.
The reviewers’ reports of broken screens went viral online and prompted the creation of hashtag #foldgate on Twitter.
Samsung has hailed the folding design as the future in a field that has seen few surprises since Apple’s iPhone in 2007. Chinese rival Huawei Technologies has also announced a folding handset, the Mate X.
The Samsung official on Monday said it had no change to its previously announced release date in the United States.
It plans to begin South Korean and European sales in May, and Chinese sales from an undisclosed date.