Logistics
Egypt is taking steady steps to cement its position as a regional leader in transport and logistics, recognizing the sector as a pillar of economic growth and investment attraction.
The meeting also included the updates of transport projects with African states, and that consist of roads, maritime and inland shipping lines, and railways.
An AD Ports Group’s subsidiary, Noatum aims to enhance its service offerings and strengthen its presence in key markets across Egypt, the Middle East, and North Africa
The two countries also signed an MoU on cooperation in the transport sector.
Both delegations conferred over ways of increasing the size of bilateral trade exchange that currently stands at $2.8 billion per annum.
Since 2018, the government has been implementing projects in relevant sectors with the aim of achieving that goal.
President Abdel Fatah al-Sisi held Tuesday a meeting with CEO of CMA CGM Rodolphe Saade.
The zone will serve as a central hub for the collection and unloading of goods to and from the high-speed train, effectively linking the Red Sea and Mediterranean Sea ports
The Egyptian Railway Authority (ERA) announced the completion of the rehabilitation of the Ferdan/Beir Al Abd line, lying on 100 kilometers between Ismailiyah and North Sinai.
Giza's 6th of October Dry Port has already been inaugurated, while contracts to finance, design, construct, operate, and maintain the dry port and logistic center at the 10th of Ramadan City in Cairo had been signed.
Minister of Supply and Internal Trade Ali al-Moselhy stated Monday that Egypt currently had 14 logistic zones.
Minister of Transport Kamel al-Wazir attended Thursday the signing of a contract to establish a dry port in Cairo's 10th of Ramadan City, and an MoU to introduce another in Alexandria's Borg Al Arab.
New terminals and multipurpose stations are stepping up the significance of Egyptian ports .
A step towards economic growth and enhanced trade opportunities.
The Ministry of Civil Aviation, Hassan Allam Holding, and A.P. Moller Capital signed the agreement Tuesday.
The eastern breakwater project in Damietta Port has been completed as part of a plan to transform Egypt into a global center for trade and logistics.
The signing took place on the sidelines of the Egyptian-Georgian Business Forum's meeting.
Hutchison Ports will invest $700 million in Sokhna and Alexandria ports, adding yet more details to the big picture of Egypt as a major logistics hub of two seas.
The prime minister inaugurated the Mercedes-Benz logistics center in Sokhna industrial zone on Thursday in a prelude to locally launch the European car.
Direct foreign investments in the project to develop the ports of Sokhna and Dekheila are estimated at $1.6 billion, while direct revenues are expected at $5 billion, according to Minister of Transport Kamel Al-Wazir.
