Egypt refutes rumors on selling Nile ports to foreign countries ...Egypt

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Egypt refutes rumors on selling Nile ports to foreign countries
The Egyptian government denied rumors on ceding the Nile River ports to a foreign country under a draft law reorganizing the General Authority for River Transport (GART). The Cabinet’s Media Center said that it contacted Transport Ministry, which confirmed these claims are incorrect. The ministry stressed that the Egyptian ports are wholly owned by the state and subject to Egypt’s sovereignty and will remain so. It explained that the draft law aims to encourage the private sector to invest in river transport, without selling or ceding ownership of any of the river transport ports. The obligations of public utilities will be granted to investors, it added, whether Egyptians or foreigners, for

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