Shipping & Logistics News
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Egypt to establish green logistics hub in Sokhna 360
BASF has entered into this MoU with Elsewedy Industrial Development, to build one of the biggest, and most sustainable logistic hubs in Sokhna 360.
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Ride-hailing app MOVE launched in Egypt
MOVE also offers a tech setup for school bus transportation that can be used by parents and school management.
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Deutsche Bahn operates Egypt's first high-speed rail network
A 15-year contract with a volume in the single-digit billion range was signed during the climate conference in Sharm el-Sheikh.
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Hutchison Ports bags $700 million container terminal deal in Egypt
Hutchison has inked two concession agreements with the Egyptian Government to operate the container terminals in Ain Sokhna and El Dekheila ports.
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Cartona raises $12M to scale and explore new verticals
Cartona was present in three Egyptian cities; it’s now in 11. The investment will allow them to cover all of Egypt.
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Khazenly raises $2.5m seed funding
Khazenly is an on-demand digital warehousing and fulfillment management platform that provides an omnichannel solution to help merchants digitize.
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Siemens Mobility wins $8.7bn high-speed rail deal in Egypt
Egypt signed a contract with Siemens and consortium to build about 2,000 kilometres of high-speed railways.
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Egyptian MaaS startup Swvl enters Turkish markets
Swvl, has expanded into Turkey with its recent acquisition of Volt Lines, a B2B transportation-as-a-service operator.
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CargoX extends agreement with Egypt
NAFEZA became the mandatory system for Egyptian ports on Oct. 1, integrating over 26 cargo clearance-related government systems.
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Egyptian social commerce startup Brimore raises $25M
The Egyptian social e-commerce market will be worth over $14.8 billion by 2024.
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Egypt to establish EGP 2 bln logistical zone in Dakahlia
Egypt’s Supply and Internal Trade Minister Ali Moselhi announced Tuesday the start of the implementation of this major project to develop trade.
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EBRD approves €250 mln loan to establish Alexandria’s Abu Qir metro line
EBRD’s loan, alongside with other finances, will be utilised to transform Abu Qir’s railway to a green metro line.
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Egypt to sign agreement for modernization of Cairo Metro trains
This came during the minister’s meeting with Ambassador Noki Masaki, the Ambassador of Japan in Cairo, on the occasion of the end of his tenure.
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Suez Canal ranks 2nd among largest logistics companies in Middle East
Osama Rabie confirmed that the selection of the Suez Canal Authority is a culmination of the authority's efforts and success in overcoming challenges.
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Egypt is developing its maritime ports
Egypt is boosting its blue economy through comprehensive plans to develop its maritime ports starting with Alexandria.
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Egypt to increase Suez Canal's revenues
El-Said explained that the revenues of the Suez Canal will thus rise from LE 93.9 billion in 20-2021 to LE 99.3 billion in the year of the plan.
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15K Egyptian companies join ACI system
2200 companies have registered 18,000 successful custom transactions on the system since its pilot launch in April, according to Maait.
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Amazon.eg launches end of 2021
Amazon launched amazon.ae in the UAE in May 2019 and one year later it launched amazon.sa in Saudi Arabia. Now, it's Egypt's turn.
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Egypt’s Suez Canal reports record revenue
Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June).
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Egypt, AfDB ink €145 mln for railway
Under the agreement, Egypt’s Railway Authority's main lines will be extended with 953 km controlled by the European Train Control System (ETCS-L1).