Egypt’s Suez Canal Authority signs MoU with Namibia for port development

Egypt’s Suez Canal Authority has signed a memorandum of understanding with the Namibian Ports Authority to exchange expertise in port development and maritime training. The deal aims to strengthen cooperation in marine construction and the sale or leasing of marine units. Chairperson Osama Rabie affirmed the authority’s readiness to expand into African markets.

The Suez Canal Authority (SCA) signed a memorandum of understanding with the Namibian Ports Authority on Wednesday at its headquarters in Ismailia. The agreement focuses on assisting Namibia with port development and providing advanced maritime training through SCA’s academies. SCA Chairperson Osama Rabie stated that the cooperation would be “fruitful and constructive,” underscoring the authority’s strategy to extend its projects abroad. He highlighted SCA’s recent success in developing and reopening Libya’s Sirte port after a 14-year closure, calling it a “successful first step” for such initiatives.

Namibian Ports Authority Chairperson Nangiola Hamyunela said the partnership would bolster an ambitious development plan for Namibia’s ports, described as the largest in West Africa. She emphasized that leveraging SCA’s advanced technology and experience would speed up efforts, enabling Namibia to draw on regional strengths instead of relying on foreign expertise from other continents.

Rabie instructed full support to initiate practical cooperation, relying on SCA’s integrated system of shipyards and logistical services. The MoU was signed by Neshat Nasr El-Din, SCA’s Director of Movements, and Andreas Kanime, CEO of the Namibian Ports Authority. The ceremony was attended by SCA Vice Chairman Ashraf Atwa, board members, and engineer Abdel Hakim Abdel Nasser.

After the signing, the Namibian delegation inspected a range of marine units produced by SCA shipyards, visited the floating pontoon and concrete buoy factory at the Canal Harbour and Great Projects Company, and toured the maritime training and simulation academy.

Makala yanayohusiana

Saudi Arabia’s ports authority is seeking a partnership with the Suez Canal Authority to develop Jeddah port and other infrastructure projects. The announcement came after a meeting between MAWANI President Sulaiman bin Khalid Al-Mazroua and SCA Chairperson Osama Rabiee on the sidelines of the International Maritime Transport and Logistics Conference (MARLOG). The officials discussed a broad framework for future cooperation in logistics services and maritime unit construction.

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Egypt and Japan signed an executive agreement providing a EGP 1bn ($22m) grant to build and supply a first-of-its-kind diving support vessel for the Suez Canal. The grant, from the Japan International Cooperation Agency, aims to boost maritime safety and emergency response. The ceremony was attended by Minister Rania Al-Mashat and Suez Canal Authority Chairperson Admiral Osama Rabie.

Walid Gamal El-Din, chairperson of the Suez Canal Economic Zone (SCZONE), announced that the zone has attracted investments worth about $15bn, with 70% foreign and 30% domestic from investors in 28 countries. He stated that these figures reflect growing international confidence in the zone's investment climate. The remarks came during the fifth session of the Tuesday Seminar for the 2025–2026 academic year.

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