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Kuwait’s KGL set to invest $1bn in Egyptian port

Kuwaiti logistics firm KGL has unveiled plans to invest $1bn in Egypt's Domiat Port, once work resumes in the halted project, Reuters has reported. The firm is in talks with the Egyptian government to resume work, KGL chairman Saed al-Dashti said. "The company till now spent $260m on Domiat's project and expenditure is expected to reach $1bn," al-Dashti said.