Japan will provide Egypt with a grant worth EGP 1 billion (USD 22 million) to finance the construction and delivery of a first-of-its-kind Dive Support Vessel (DSV) for the Suez Canal Authority (SCA).
The funding will be extended through the Japan International Cooperation Agency (JICA) under an executive agreement signed on Sunday.
The project is intended to enhance navigational safety, improve rapid-response capabilities during maritime incidents and support the sustainable operation of the Suez Canal.
The agreement was signed in the presence of Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, and SCA Chairman Osama Rabie.
The document was formally executed by Ahmed El-Barbary, Director of the SCA Shipyards Department, and Yamamoto Atsushi, Senior Representative of the JICA Egypt Office, with Japan’s Economic Minister at the Embassy in Cairo, Yusuke Suzuki, also attending the ceremony.
According to official information, the new DSV will be
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