PROJECTS: Egyptian industry welcomes plan for developing new logistics zones – ZAWYA

  • Date: 29-Jul-2020
  • Source: Zawya
  • Sector:Industrial
  • Country:Egypt
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PROJECTS: Egyptian industry welcomes plan for developing new logistics zones – ZAWYA

PROJECTS: Egyptian industry welcomes plan for developing new logistics zones New logistics zones to drive internal trade, reduce transportation costs    Image used for illustrative purpose. Container trucks stand in line on the road due to bad weather in the Mediterranean city of Alexandria, March 30, 2019.Egypt is planning to develop new logistics zones in different governorates to promote intra-country trade and make the distribution system more efficient, according to industry representatives interviewed by Zawya Projects.Recently, local newspaper Al Mal had reported that Egypt is planning to set up three logistics zones in Sharkia, Red Sea and Suez with a total investment of 14.5 billion pounds ($908 million). It quoted Ibrahim Ashmawy, head of the Internal Trade Development Authority (ITDA) as saying that the goal is to build 60 regional logistics zones until 2030, divided into eight central areas, three of which are being implemented, along with 52 regional zones, 11 of which are currently being implemented.Fathy El Tahawy, deputy head of the Household Equipment Division in the Cairo chamber of commerce told Zawya Projects that the new zones would facilitate the setting up of large distribution facilities that would reduce transportation costs.Recently, local newspaper Al Mal had reported that