A preliminary probe found that a drone caused the fire involving two vessels at Damietta Port.
The financing package includes a €35 million investment grant from the European Union and a €2 million technical cooperation grant from the European Bank for Reconstruction and Development (EBRD).
The logistics zone will be developed on a 30-feddan site in Toshka, Aswan Governorate, to serve the planned dry port in the area and support trade, transport, and logistics activities across Upper Egypt.
The decision came after comprehensive feasibility studies conducted under a specialized committee formed in 2016 to evaluate development scenarios for the Qattara Depression area.
The Suez Canal company will be formed in partnership with a private sector firm operating in general supplies and contracting, and will focus on dredging projects, maritime works, and related supply activities.
