– Egypt’s shipping and logistics market is projected to grow from $14.56 billion in 2024 to $18 billion by 2029, with a compound annual growth rate of 4.33%.
– Amr El-Samadouni, Secretary-General of the International Transportation and Logistics Services Division at the Cairo Chamber of Commerce, stressed the need for public and private sector cooperation to address challenges such as Red Sea disruptions, supply chain interruptions, and port congestion.
– Key recommendations include transforming seaports into smart, green logistics hubs, establishing a logistics regulatory body, promoting multimodal transport, and activating ports as integrated logistics centers to enhance global supply chain integration and service quality.
Egypt’s shipping and logistics market is projected to reach $14.56 billion in 2024, growing to $18 billion by 2029, with a compound annual growth rate of 4.33%, according to the International Transportation and Logistics Services Division at the Cairo Chamber of Commerce.
Amr El-Samadouni, Secretary-General of the division, emphasized the need for increased cooperation and coordination among public and private sector stakeholders to tackle challenges in international transport and logistics. Key issues include disruptions in the Red Sea, ship reluctance to enter the region, and supply chain interruptions due to ongoing conflicts in Gaza, Sudan, and the Russia-Ukraine war.
El-Samadouni highlighted that port congestion, resulting from rising global trade volumes, along with ship and container shortages, are causing transport delays and higher costs. He stressed the need to transform seaports into smart, green logistics hubs connected to international navigation networks and to improve the efficiency of port workers globally.
He also advocated for pricing port services based on economic principles, focusing on logistics to position Egypt as a global trade and logistics hub. Additionally, he called for the establishment of a logistics regulatory body and a higher logistics council.
El-Samadouni proposed tracking logistics performance through an observatory and promoting multimodal and integrated transport to make Egypt a transit trade center. He urged research on sustainable port infrastructure projects, in collaboration with global shipping companies, to accommodate future ship sizes.
“Activating ports as integrated logistics centers, linking them to global supply chains, and ensuring both local and global integration will reduce costs and improve service quality,” El-Samadouni said.
He stressed the importance of investment opportunities in ports and logistics, conducting feasibility studies, and learning from global port experiences to enhance supply chain resilience and economic impact.In conclusion, El-Samadouni called for the urgent activation of ports as integrated logistics centers to improve services related to ships and cargo movement, thereby fostering global supply chain improvements.
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