Egyptian Ambassador to Canada Moataz Zahran said the Suez Canal Authority and Canada's Port of Sydney reached a memo of understanding to be signed soon in the training, marketing, information exchange and technology transfer fields.

The Egyptian envoy visited the port in Nova Scotia at the eastern coast in Canada on Thursday, accompanied by an Egyptian media delegation.

Speaking at a press conference, Zahran reviewed the positive outcome of the new Suez Canal project and serious plans to develop the canal corridor and turn it into an international ship-serving center and an industrial and agricultural investment-attractive zone.