Shipping & Logistics News
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Egypt to upgrade line 1 of Greater Cairo Metro
The project will increase the line’s efficiency and capacity, in addition to improving safety and performance levels.
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Egypt to establish 7 major corridors linking production areas to ports
According to the ministry, these logistics corridors come as part of Egypt’s 2030 Sustainable Development Plan.
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Alexandria Port Authority to handover management of 3 ports by end of year
In July, it was reported to be won by a consortium of three local firms, which plan to invest about $50 million in the project's first phase.
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China-led int'l consortium to operate new large terminal at Egypt's Dekheila Port
The backyard used at this terminal is 1 million square meters, with a container capacity of 1.5 million TEUs (twenty-foot equivalent unit).
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133-Acre Dry Port Project to be Developed in Alexandria
The selected company will be expected to finance, design, construct, manage, maintain, and transfer the dry port and logistics centre.
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SCZone slams reports claiming it has borrowed LE19 billion
It appealed to media professionals and journalists to communicate directly with the authority through official communication channels.
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AD Ports Group expands Egypt presence as Noatum buys majority stake in Safina
After deals for cruise, Ro-Ro terminals, this time its Noatum subsidiary in the spotlight.
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NBK – Egypt grants EDECS $93mln funding to support container terminal development at Ain Sokhna Port
In line with the bank’s strategy to finance infrastructure and sustainable development projects.
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Egypt to Connect 6th of October to New Cairo with Metro Line 4
The total length of the fourth line of the Cairo Metro is about 42 kilometers, with a capacity of approximately 2 million passengers.
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Egyptian consortium seal $660 mln deal to establish Alexandria Supply Chain Company
The project will be implemented with 100 percent Egyptian capital with investments reaching $660 million.
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Metro and Train ticket prices increase in Egypt
The latest prices come soon after a 10-15 percent increase in ticket prices for buses, microbuses, and taxis announced earlier on Thursday.
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Suez Canal’s revenue faces monthly losses ranging from $500 to $550M
Madbouly, in a recent press briefing, disclosed that the Suez Canal faces monthly losses ranging from $500 to $550 million due to regional tensions.
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Enhancing transportation infrastructure for economic growth in Egypt
This joint endeavor is poised to directly influence the pricing of consumer goods, ultimately leading to reduced costs for the populace of Egypt.
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Egypt plans to establish 31 dry ports, and logistic zones
El-Wazir invited American companies to capitalize on investment chances available in Egypt, especially in the fields of industry localization.
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Due to Red Sea security challenges: Egypt's Suez Canal revenues drop to $7.2B
The total weight of shipments fell by one third from 1.5 billion tons to one billion tons.
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UAE-Based Mobility Platform Hala Expands Into Egypt
The partnership will focus on exploring opportunities in Egypt's New Administrative Capital and other key cities.
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Kenyan delegation visits SCZone to learn from Egyptian expertise
The visit, facilitated by the Japan International Cooperation Agency (JICA), is part of a program to support economic zones in East Africa.
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13,000 tons of goods handled at Red Sea Ports
About 13,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said.
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Egypt Suez Canal revenues shrink by 57.2% in 1Q of 2024
Revenues from Egypt’s Suez Canal shrank by 57.2 percent in the third quarter (January-March) of the FY2023/2024, which ended on 30 June.
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Egypt’s shipping, logistics market size reaches $14.6bn in 2024
Egypt’s shipping and logistics market is estimated to be $14.56bn in 2024, with an expected growth to $18bn by 2029.