Egypt's logistics sector in 2024: 10 essential facts

Positioned at the crossroads of Africa, Asia, and Europe, Egypt is capitalizing on its unique geographical advantages and robust logistics network to become a vital link in global trade. From groundbreaking infrastructure projects and international investments to strategic collaborations and tech-driven logistics solutions, here are ten key facts highlighting the dynamic growth and transformation of Egypt's logistics sector.

1. Strategic Location and Infrastructure Egypt's geographical position at the crossroads of Africa, Asia, and Europe, combined with its extensive infrastructure development, is transforming the country into a global logistics hub. Major ports like Alexandria, Damietta, and Port Said, along with the Suez Canal, facilitate significant global trade.

2. Suez Canal's Global Impact The Suez Canal is a vital artery for global trade, with 40% of global trade and 30% of container traffic passing through it. This underlines Egypt's crucial role in international shipping and logistics.

3. Suez Canal Economic Zone (SCZone) The SCZone's 2020-2025 strategy has successfully attracted international investments, particularly in green energy and ship refueling. It aims to bolster global supply chains and enhance cooperation with BRICS countries.

4. New Development Bank Seminar Highlights At the New Development Bank seminar, experts highlighted Egypt's infrastructure projects and economic reforms. These developments have boosted container traffic and exports, reinforcing Egypt's position as a logistics powerhouse.

5. Russia-Egypt Grain Logistics Center Egypt and Russia are collaborating on establishing a logistics center for grains, capitalizing on Egypt being a major importer of Russian grains. This center will enhance agricultural trade and ensure efficient grain storage and distribution.

6. OneOrder's Logistics Innovation OneOrder, an Egyptian logistics startup, raised USD 16 million in Series A funding to expand its tech-enabled supply chain solutions for the food and beverage industry. This initiative aims to streamline logistics and supply chain inefficiencies.

7. Seven Integrated Logistics Corridors Under the Sustainable Development Plan 2030, Egypt is developing seven integrated logistics corridors linking production sites to ports via rail and road networks. These corridors aim to enhance connectivity between the Red Sea and Mediterranean ports.

8. Turkish Logistics Industrial Zone in Jarjoub A Memorandum of Understanding was signed to establish a Turkish logistics industrial zone in Jarjoub. This project includes developing a commercial port, logistics zones, and industrial areas, aiming to boost trade with Africa and attract global investments.

9. Kigali Dry Port Project Egypt's Kigali Dry Port in Rwanda is part of a broader plan to enhance trade connections with African countries. The project includes a logistics corridor from Tanzania to Rwanda, facilitating easier access for Egyptian exports to African markets.

10. SulleX Smart Logistics City SulleX-TRC, a $150 million project in Giza, is Egypt's first integrated city for logistics and refrigerated manufacturing. It aims to support the agricultural and pharmaceutical sectors with advanced storage facilities and create over 20,000 jobs.

Conclusion Egypt's logistics sector is rapidly evolving, driven by strategic location, robust infrastructure investments, and innovative projects. These developments position Egypt as a pivotal player in global logistics, promising substantial economic growth and enhanced trade capabilities.