Tuesday February 27th, 2024
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New USD 50 Million Logistics Zone Planned in Safaga

The move marks a step towards Egypt's goal of enhancing its trade capabilities and bolstering its position as a trade hub.

Cairo Scene

The Egyptian government has announced that it intends to build a new logistics zone in Safaga, backed by USD 50 million in investment. The area will become a hub for collecting and unloading goods between high-speed trains, thereby providing a vital link between sea ports in the Red Sea and the Mediterranean Sea.

The government-funded logistics zone will span 100 acres, with the launch of the proposed logistics zone expected to coincide with the launch of the Safaga 2 terminal by the Abu Dhabi Ports Group (ADPG), increasing the strength of the region’s trade infrastructure.

Only recently, the Red Sea Port Authority (RSPA) signed a contract with ADPG, committing an investment of USD 200 million over a three-year period for the construction and development of a terminal at the existing Safaga Sea Port. The latest announcement marks a significant step towards Egypt's goal of enhancing its trade capabilities and bolstering its position as a regional trade hub.

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