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Egypt’s Minister of Transport Hisham Arafat said on Tuesday the revenues of Alexandria Port Authority (APA) rose 4.803 billion pounds in the financial year in 2018/2019 from 2.458 billion pounds in the financial year 2017/2018.
Arafat added that the targeted surplus was 1.617 billion pounds but the port actually made 3.640 billion pounds, with a 225 percent increase than the targeted surplus.
The port succeeded in doubling the revenues and surplus for the second year in a row due to the new projects implemented in it, Board Chairman of the authority Medhat Attiya said.
Source: MENA