Qalaa Holdings, one of Egypt's largest investment firms, will take part in the inauguration ceremony of the New Suez Canal as the platinum sponsor.

In a statement, the company said its subsidy Mashreq signed a 20-year concession agreement to build and direct the first-of-kind station in the Middle East that would serve the world trade and fuel tankers.

The project would be built on a 210,000 m2 near the gate way to the Suez Canal.