Key UAE Investor Offers to Fully Finance Egypt’s Global Logistics Project

A high-profile UAE investor has offered the Egyptian government to bear all the investment costs to establish Egypt’s global logistics centre project, Egyptian supply minister Khaled Hanafy said.

Egypt is planning to establish a global logistics centre, with investments estimated at 15 billion Egyptian pounds (US$2.1 billion).

Hanafy’s announcement was made during his meeting with consulting and legal experts alongside the planning minister’s aide and representatives from the Arab Academy for Science Technology and Maritime Transport (AASTMT). The meeting tackled the mechanisms to implement the country’s national project to establish the global logistics centre for grains and food commodities.