Arab Finance: A consortium made up of Sky Logistics and Reliance Logistics is in talks with Bank du Caire to borrow $65 million to set up a multipurpose terminal at the East Port Said Port, sources familiar with the matter told Al Borsa News.

The consortium is expected to finalize the loan’s procedures within the coming few days, the sources noted.

They added that the project will be executed over three stages, with the first stage to be operated this month.

The second and third phases are set to be fully completed by the end of 2024, they highlighted.

To be established by applying the build, operate, and transfer (BOT) project management technique, the project is anticipated to provide around 550 direct job opportunities.

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