‘East Port Said project in line with Egypt Vision 2030’
KUWAIT CITY, June 26, (KUNA): Suez Canal Economic Zone (SCZONE) and Agility company, a leading global logistics provider, signed a Protocol of Cooperation on Tuesday to establish a logistics center in East Port Said.
The protocol was signed by Chairman of the Suez Canal Authority and Chairman of SCZONE Admiral Mohab Mamish and Vice Chairman and CEO of Agility Tarek Sultan.
Under this protocol, Agility will develop a hub with international standard logistics infrastructure to enhance the importing and warehousing of raw materials, as well as the export and distribution of intermediate and final goods through the Suez Canal Ports. The logistics hub is part of the current expansion of East Port Said, one of the most important strategic sites on the Mediterranean Sea.
The company will also provide world-class solutions for Egyptian customs, including the modernization and automation of the customs processes. This will improve the speed at which commodities are moved and strengthen the supply chain in a fast and secure manner. These improvements, in turn, will help decrease supply chain costs for the industrial operations across the various areas of the economic zone.
“The establishment of the East Port Said project is in line with the Egypt 2030 Vision. It also achieves Egypt’s development goals in creating an integrated sustainable economic growth through the creation of new job opportunities and enhancing Suez Canal Zone status as a commercial and industrial hub,” Admiral Mamish said.
He added that the agreement with Agility is one of the significant steps in the Economic Zone’s development plan, and particularly the development of East Port Said, noting that Agility is one of the world’s largest logistics companies operating in the Arab region.
Mamish also noted that the protocol aims to study the investment in the development and marketing of both the logistics and industrial areas. It also includes the development of a ‘green’ logistics hub for value-added services, in addition to applying advanced customs technology solutions that facilitate trade.
On his part, Sultan said that “Egypt’s prominent location allows access to strong regional markets and trade routes, making it an ideal site for a regional distribution hub.
Given the global demand for access and presence in the continent, Agility has continuously invested in Africa. Establishing an integrated industrial and logistics hub in partnership with SCZone, as well as providing modernized, automated customers services, matches Agility’s Africa strategy and further highlights Egypt’s role as a key regional player.” “Being present in the Suez Canal Economic Zone and, in particular, working in the East Port Said area will give companies access to world-class infrastructure as well as fast, easy and efficient logistics and customs services in terms of time and cost,” added Sultan.
In Egypt, Agility manages 43,000 sqm of warehouse space and 30,000 sqm of open yard storage. It is one of the world’s leading providers of integrated logistics. It is a publicly traded company with more than USD 4.6 billion in revenue and more than 22,000 employees in over 500 offices across 100 countries.
Agility Global Integrated Logistics (GIL) provides supply chain solutions to meet traditional and complex customer needs. GIL offers air, ocean and road freight forwarding, warehousing, distribution, and specialized services in project logistics, fairs and events, and chemicals.