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Egypt building new logistics zones: The Egyptian cabinet has approved plans for logistics zones in Sinai, Qena, and Toshka, as well as the development of a container port at Arish Port, a statement said on Thursday. Neither investment tickets nor timelines have been disclosed for the projects, which will be overseen by Egypt’s National Center for Land Use Planning.
What’s on the cards? Qena will see the construction of a new logistics zone over some 1.25k feddans, while Toshka will get a new logistics area over some 248 feddans. Egypt is also looking to set up logistics zones in Sinai, with four plots of land in Rafah, Al Auja, Al Hasana, and Bir Al Abd, ranging in size from 5.1k to 6k feddans, set aside for the project. The country is also looking to boost operational capacity at Arish Port, with plans to extend the port to the east with a container handling port as well as develop a marina on the port’s west side.
OVER IN THE SCZONE- Egypt’s Suez Canal Economic Zone (SCZone) is looking to establish a 4 mn sqm pharma industrial zone, according to a statement.
AND- Sports Ministry mulls over a freezone for sports gear: Egypt’s Sports Ministry — in cooperation with the ministries of trade and investment — is reportedly also preparing a feasibility study to set up a freezone dedicated to sports equipment and products, Al Borsa writes citing unnamed sources. The freezone — which will be allocated a plot by 2025 — aims to reduce the country’s USD 700 mn sports gear import bill.
We already have interested partners: The ministry has pitched the project to several sports equipment manufacturers and brands, which have expressed interest in setting up manufacturing facilities in the planned freezone, the sources added.
