Egypt explores DP World partnership to boost exports into African markets
Farid stressed that Africa represents one of the key pillars of Egypt’s export strategy, given the free trade agreements linking Egypt with numerous African countries.
EGYPT – Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, has held talks with DP World to leverage the group’s logistics capabilities for expanding Egyptian exports into global markets, with a particular focus on Africa.
The meeting brought together the heads of the General Authority for Investment and Free Zones (GAFI), the Export Development Authority (EDA), the Export Development Fund (EDF), the Egyptian Commercial Service (ECS), as well as chairpersons and representatives of the Export Councils.
Strategic Vision and Export Priorities
The cooperation aims to support exports of Egypt’s priority products, including food industries, agricultural crops, chemicals, building materials, ready-made garments, and engineering products, to African markets more efficiently and at lower cost.
Farid explained that the Ministry organized the meeting, with participation from the Export Councils and all relevant entities involved in the foreign trade system, to familiarize exporters with DP World’s integrated service offering.
DP World’s Role and African Market Access
Farid stressed that Africa represents one of the key pillars of Egypt’s export strategy, given the free trade agreements linking Egypt with numerous African countries. He noted that cooperation with international partners possessing extensive logistics networks, such as DP World, provides practical solutions to support the expansion of Egyptian companies across African markets.
Mohamed Shehab, Chief Executive Officer of DP World for Egypt and the Levant, reviewed the group’s global operations. He noted that the company operates in more than 85 countries and manages an integrated network of ports, logistics zones, distribution centres, and supply chains, making it one of the world’s largest logistics service providers.
Additionally, he noted that DP World handles approximately 10% of global trade, while around 23% of Egypt’s foreign trade passes through Ain Sokhna Port, which the group operates.
Furthermore, he added that DP World is implementing strategic investments in Egypt, including the development of Ain Sokhna Port and the establishment of the Sokhna Logistics Park, reinforcing Egypt’s position as a regional hub for trade, re-export, and logistics services.
Finally, these discussions prioritize the creation of direct partnerships between export councils and logistics experts to streamline the movement of goods across borders, with Egypt remaining prepared to pursue further collaborations to sustain long-term growth in the foreign trade sector.
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