22 February, 2024
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Agility to establish two logistics services centers in Egypt with investments of $60 mln

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The Kuwaiti Agility company plans to establish and operate two logistics and customs services centers in the industrial zone of Ain Sukhna and East Port Said, with investments of US$60 million, under an agreement signed by the Kuwaiti company and the Suez Canal Economic Zone.

The two centers are scheduled to work on automating systems at customs departments of the two areas and linking information between government agencies concerned with the work of inspecting shipments.

The new agreement will contribute to facilitating the procedures for customs release of goods, in cooperation with a window system, which reduces the time for customs release and the accumulation of goods, Walid Gamal Eddin, head of the General Authority for the Suez Canal Economic Zone, said.

According to information published by Al-Masry Al-Youm, the project aims to reduce

overcrowding at the region’s ports through developed customs logistic centers, which will handle customs procedures, thus facilitating the circulation of goods through ports and raising its competitiveness.

The developed customs logistic centers will automate services, and govern the movement of goods for the economic zone facilitating customs release procedures for shipments of zone projects and reducing costs by ending all customs procedures at the center without stopping at ports.

The project will also reduce delays thus reducing delay fines, and increase Egypt’s share of global trade.

The project uses platforms for small and medium enterprises to support the needs of integrated industrial complexes and incubators for startup projects, which reduces the cost of manufacturing, as well as develops solutions and mechanisms for the red hydrogen industries.

The post Agility to establish two logistics services centers in Egypt with investments of $60 mln appeared first on Egypt Independent.

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