A distribution centre of German postal and logistics group Deutsche Post DHL is pictured in Obertshausen, Germany June 15, 2016. REUTERS/Ralph Orlowski A distribution centre of German postal and logistics group Deutsche Post DHL is pictured in Obertshausen, Germany June 15, 2016. REUTERS/Ralph Orlowski

DHL invests LE 1B in Egypt for expansion

Mon, Feb. 17, 2020
CAIRO – 17 February 2020: Investment of DHL Express Company in Egypt currently exceeds LE 1 billion, aiming to expand this value in the coming period.

This intention to expand comes within the framework of the company's keenness to turn Egypt into a center for electronic commerce in Africa, as it is one of the main markets in the region.

"The company has made great achievements in the Egyptian market in 2019, starting with achieving an advanced position in the logistics sector at the regional level, followed by strengthening the position of the company and Egypt as a major market by concluding a cooperation agreement with the National Post Authority to facilitate postal services and activate shipping traffic at the local and continental levels.

This is in addition to developing the required processes with its global expertise in the field of electronic commerce, which contributes to supporting the capabilities of the post office in Egypt as a distribution center for the entire African continent,” CEO of DHL Express in the Middle East and North Africa region Nour Soliman said.

Soliman clarified that those come within the global DHL strategy to work on more automating systems and enable digital transformation in the Egyptian market, including the continent.

For his part, General Manager of DHL Express Egypt Ahmed al-Fangary said, “We are proud of our ability to enable global trade operations by exploiting the distinguished strategic location of Egypt, as a logistics center. So we are working to develop our supply chains and improve their operations in a way that supports Egypt’s goal to turn it into a major destination for foreign direct investment.”

This announcement came following the meeting of the CEO of DHL Global Express John Pearson with Prime Minister Mostafa Madbouli in Egypt, when Madbouli stressed the Egyptian government's support for DHL investments that aim at turning Egypt into an e-trade hub in the Middle East and Africa.

For his side, Pearson clarified that DHL company has been working in Egypt since 1980, noting that the Arab country is a vital place of action in Africa and the Middle East.
 
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