Israel is concerned about Egypt’s development of the Port of El-Arish in North Sinai, Quds Press has reported.
Citing Israeli media, the report said that Israel believes that better port facilities at El-Arish could create competition for its own ports on the Mediterranean Sea, given the Egyptian city’s strategic location. Egypt’s decision to develop El-Arish comes as part of a plan to develop the Suez Canal Economic Zone.
According to Egyptian media, the first phase of El-Arish Port development will be completed by the end of this year. The total cost is expected to be three billion Egyptian pounds (around $10 million).
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