Cypriot "UW" Group eyes investment in the Port Said Naval Shipyard
The Cypriot "UW" Group is looking to invest in the Port Said Naval Shipyard with the aim of transforming it into a world-class shipbuilding facility, offering maintenance, repair, and green scrapping services.
This was stated during a meeting between Osama Rabie, Chairman of the Suez Canal Authority, and a delegation from the Cypriot group specializing in ship repair and maintenance services, according to a statement issued by the Authority.
Both parties agreed to study the partnership proposal and to hold further meetings to discuss all technical and economic aspects.
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