The Egyptian Government has announced a decision to continue applying the annual increase on all port charges.
According to Decree 488/2015, there will be a continuous annual increase of 5% on all port charges, with no maximum cap, starting from the 8th of September 2023.
Previously, the annual increase was also set at 5%, but with a maximum cap of 15%. However, this new decision eliminates the cap, allowing for a continued 5% annual increase each year.
This means that, all port charges will increase by an additional 5%, to be added to the current 15% accumulated increment. Furthermore, there will be an annual increment of 5% on port charges going forward.
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