Business team to head for Djibouti to probe logistic zone: Trade min.

CAIRO - 23 November 2017: An Egyptian business team will be dispatched to Djibouti soon to probe the establishment of a logistic zone there, Trade and Industry Minister Tareq Qabil said on Thursday.

The minister made the remarks during a meeting with Djibouti's visiting Minister of Trade, Small and Medium Enterprises, Handicrafts and Tourism Hassan Hamad Ibrahim in the presence of Djibouti Ambassador to Egypt Mohamed Mazhar Hersy.

The logistic zone will be a gate to export Egyptian products to Djibouti and other countries of Horn of Africa and East Africa, Qabil said.

Egypt is keen on boosting cooperation with Djibouti in the fields of investment, maritime transport and logistics, Qabil said, adding that the volume of trade exchange between Egypt and Djibouti hit 27.7 million dollars last year.

Ibrahim, meanwhile, voiced his country's keenness on boosting economic ties with Egypt, praising deeply-rooted relations between the two countries.