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1st phase of United Arab Shipping project costs EGP 329M

1st phase of United Arab Shipping project costs EGP 329M

ArabFinance: United Arab Shipping Company (UASC) (UASG) commented in a statement was sent to Egyptian Stock Exchange (EGX), on the news that has been posted. The news is titled "German Fund to finance United Arab Shipping of €50 million (EGP 1 billion)".

The company stated that the German Fund allocated €50 million under the company control, but the first stage of the project will benefit EGP 329 million which was revealed in the project study that was sent to EGX within BoD resolutions dated December 13, 2018.

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