Think Big to commence operations in Egypt next year

Think Big to commence operations in Egypt next year

Egypt's Think Big Shipping and Logistics, which will provide port-based import and export services as well as logistics services through its own fleets of seagoing cargo ships and land transport trucks, will commence operations in the first quarter of 2023.

"We have established the company initial capital of 20 million Egyptian pounds ($823,641), in cooperation with the accountant office of Emil Fawzy Masoud. We aim to start operations in the Egyptian market in the first quarter of 2023," the company’s founder Mahmoud Kamal said in an interview with Zawya Projects.

He said Think Big is targeting revenues worth 50 million pounds ($2 million) in the first year of operations focussing on the ports of Alexandria, Damietta, East Tafria and Port Said.

Kamal said the company has invested in its own fleet of German-made heavy transport vehicles to provide integrated logistics services and enhance its competitive edge in the market.

The Thing Big CEO, who owns a company specialised in unloading and shipping operations in the USA, said he decided to enter the Egyptian market after conducting a feasibility study.

"The best time to start a new investment is in a period of crises and challenges, with expectations of restoring the movement of economic activity, which