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

SourceZawya
SectorIndustrial
CountryEgypt

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...read more...