Dubai World, the newly-established holding company, will invest close to Dh32bn (US$8.7bn) in Egypt to develop a seaport and some other industrial projects. It also includes the development of a container terminal at Eastern Port Said and associated infrastructure.

Egyptian officials claim that E£20bn will be invested in the development of the container terminal. They add that E£30bn will be spent on establishing facilities to serve the port and ship and container movement through the Suez Canal.

The Egyptian Investment Authority will soon conclude its negotiations with DP World on developing Eastern Port Said and its seaport along with some industrial projects.