Egypt signs 3 logistics deals at SCZONE to boost trade hub ambitions

Egypt signed three logistics agreements on Wednesday at the Suez Canal Economic Zone (SCZONE) as part of efforts to expand warehousing capacity and strengthen its role as a regional trade and supply hub.

The deals, signed by DP World’s Sokhna Logistics Park and three companies: KTDA DMCC, Middle East Logistics and Consultant Group (MELC), and Premium-Line Middle East & Africa, cover warehousing and cargo-handling services aimed at expanding storage, distribution, and re-export operations, according to a government statement.

Prime Minister Moustafa Madbouly witnessed the signing ceremony at the Cabinet headquarters in the New Capital, alongside SCZONE Chairman Waleid Gamal El-Dien and executives from the participating companies.

Under the first agreement, KTDA DMCC – the commercial arm of Kenya Tea Development Agency Holdings (KTDA) – will lease 2,000 square metres of warehouse space to support the distribution of Kenyan tea across the Middle East, Europe, and Asia.

For the second agreement, MELC will lease 5,300 square metres to expand regional distribution operations for consumer goods and multinational brands.

Under the third agreement, Premium-Line Middle East & Africa, a subsidiary of Premium-Line Systems GmbH, will lease 1,000 square metres of bonded warehouse space for the distribution of fibre-optic and copper cabling products.

Madbouly said the government remained committed to developing Egypt’s logistics sector through partnerships with international operators.

“Partnerships with global logistics companies will improve supply chain efficiency and support the competitiveness of Egyptian ports,” he said.

Gamal El-Dien said the agreements showed continued investor interest in the economic zone, adding that SCZONE was expanding links between ports, industrial zones, and logistics facilities as part of its strategy to strengthen regional supply chains.

Attribution: Amwal Al Ghad English