Egypt targets regional logistics hub role with DP World partnership
The minister praised Egypt’s unique geographical location, which qualifies it to be a regional hub for trade, distribution, and logistics services.
EGYPT – Minister of Investment and Foreign Trade Mohamed Farid has welcomed a DP World delegation to discuss expanding distribution and logistics centers, as part of government efforts to position Egypt as a regional hub for trade and logistics serving Africa, Europe, and the Middle East.
Farid outlined the state’s comprehensive strategy to enhance the investment climate through streamlined procedures, regulatory reforms, and enhanced legislative frameworks.
DP World Partnership and African Market Integration
The minister praised Egypt’s unique geographical location, which qualifies it to be a regional hub for trade, distribution, and logistics services. He stressed the importance of organizing meetings between DP World and Egyptian exporters to integrate Egyptian products into African distribution networks, thereby boosting exports and capitalizing on regional and continental trade agreements.
DP World’s presence in key African markets, including Nigeria, South Africa, and countries across East Africa, could provide Egyptian exporters with efficient distribution channels and broader market access.
Business Environment and Investment Climate
Rizwan Soomar, CEO and Managing Director for the Indian Subcontinent, Central Asia, Levant, and Egypt at DP World, lauded the latest enhanced developments in Egypt’s business environment and investment ecosystem.
Soomar added that the company is exploring opportunities to connect Egyptian exporters with its network to facilitate greater market access across Africa, while studying potential investments in new distribution and logistics projects in Egypt.
To foster a more attractive investment climate, the state is implementing regulatory reforms and streamlining business procedures for international partners.
Customs Facilitation Measures
Minister of Finance Ahmed Kouchouk recently announced approval of a six-month extension of exceptional customs facilitation measures for transit shipments passing through Egypt’s ports.
The extension builds on measures introduced in March that allow the completion of customs procedures for transit shipments at ports without prior registration in the Advance Cargo Information (ACI).
Both ministries affirmed that ports and customs outlets would continue operating at full capacity throughout the year to accelerate the release of shipments and goods.
As DP World studies potential investments in new distribution and logistics projects in Egypt, the country’s role as a strategic regional centre for global commerce will strengthen.
Finally, the government’s comprehensive strategy to enhance the investment climate through streamlined procedures, regulatory reforms, and enhanced legislative frameworks will continue to attract both domestic and foreign investment while supporting export activities and capitalizing on regional and continental trade agreements.
Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.
