DP World considers setting up dry port in Egypt

Wednesday, 4 January 2017 00:00 - - {{hitsCtrl.values.hits}}

Dubai-based global marine terminal operator DP World Group is considering setting up a dry port near Cairo, Egypt, that includes a logistic area, said a report.

DP World is also considering the establishment of other ports around Egypt to benefit from its geographic location, added the Daily News Egypt report.

Egypt’s Minister of Industry and Trade Tarek Kabil said in the statement that a delegation of the group will visit Egypt soon to hold talks about possible investments.

The group wants to invest in developing the infrastructure of Egyptian ports and establishing free zones around the country, it said.

Kabil added that during his meeting with Sultan Ahmed bin Sulayem, chairperson and CEO of DP World Group, that the relation between Egypt and the UAE has been highly developed during 2016.

He further stated that Egypt’s exports to the UAE increased by 224 per cent, adding that the value of trade between both countries exceeded $3 billion.

The value of Egyptian exports to the UAE reached $2.2 billion in 2016, which included different products such as televisions, gold, food, furniture, and products used in construction. Egypt’s imports from the UAE recorded $834 million.

Bin Sulayem said that a dry port on Cairo’s borders should reduce traffic jams in Egypt’s most crowded city. It would include a logistics area to unload containers, which will prevent huge trucks from driving in the city, added the report.