Egypt Freight and Logistics Market, Growth, Trends, and Forecast (2018-2023)

Egypt Freight & Logistics Market - Segmented by Mode of Transport (Road, Shipping and Inland water, Air, Rail), Function (Freight Forwarding, Warehousing, Value added services, E commerce Fulfilment and Freight Transport Management), and End User - Growth, Trends, and Forecast (2018 - 2023) Egypt Freight & Logistics Market.

Egypt is evolving as one of the major trading nations, and creates a wide range of opportunities for the logistics service providers. According to World Bank, Egypt has witnessed a huge surge in the logistics performance index (LPI), which improved 13 spots in 2016, from 62nd position in 2014. Many companies plan to shift their production line or expand the existing production line in Egypt. Further, the government aims to make the country a production and distribution hub to serve Europe and the Middle East & Africa, and Egypt Vision 2030 entitled economic development as a major segment, which includes development of the transportation infrastructure. The increasing market penetration of companies and construction activities are expected to create a demand for project and contract logistics. MARITIME TRANSPORT - AN OCEAN OF OPPORTUNITIES FOR LOGISTICS SERVICE PROVIDERS. Due to its strategic geographic location, Egypt has great access to the Mediterranean Sea on one side and Red Sea on the other, which makes the maritime sector of the country the most important in Africa. Almost 90% of the country’s international trade flow (in terms of volume) occurs through sea transport, which is an effective contribution to the nation’s economy. Egypt, under the plan ‘Vision 2030’, aims to increase the handling capacity of ports to 370 million metric ton by 2030, from 120 million metric ton. Major developments include - the construction of port terminals by Red Sea Ports Authority and the development of Port Said.

Moreover, the Suez Canal, which is the artificial waterway, connects the Mediterranean Sea with Red sea. More than 10% of world trade volume happens through the Suez Canal. The Suez Canal tolls are a major source of revenue. Further, Suez Canal Zone is expected to attract. USD 30 billion in FDI for its infrastructure and logistics hubs in the next five years. GOVERNMENT DEVELOPMENT PLANS & INITIATIVES - A KEY DRIVER. Owing to the strong trade that takes place throughout the region and proximity to Europe, Middle East, and Asia, Egypt has a robust future in the transportation & logistics segment. For instance, 8-10% of the global cargo passes through the Suez Canal, which creates a huge demand for logistics services, warehousing, and storage operations. Government of Egypt has been undertaking initiatives to make the country a global logistics hub and is encouraging foreign investments in various sectors. Some major transportation development projects were completed in 2017, which include the construction of the 40 km Shubra–Banha El road, construction of Benha axis on the Nile within the northern arch of the ring road at a cost of EGP 595 million. Furthermore, new economic ties have been made between Egypt and Saudi Arabia.

Both nations proposed to construct the Saudi-Egypt causeway, which costs around USD 3 billion, described as the largest project in the world. This step is expected to increase trading between the nations and support the logistics sector. Egypt Freight & Logistics Market Key Developments: June 2018: Kuwaiti logistics giant, Agility, has signed an agreement with Egypt’s Suez Canal Economic Zone to develop a new logistics hub in East Port Said. The hub will feature latest logistics infrastructure to provide better facilities, like warehousing of raw materials, and distribution chain for imports and exports. March 2018: Egypt’s supply minister, Ali Al Moselhi, called for the establishment of new logistics zones and warehouses for the development of internal trade. Since internal trading is anticipated to be promising and profitable, the supply is working on boosting major investment through several measures. Egypt Freight & Logistics Market Major Players : Agility Logistics, Ceva Logistics, Hellmann Logistics, DSV, DB Schenker, DHL, Seko Logistics, OOCL Logistics, Emirates Logistics LLC, Dispatch Global Logistics, and EGY logistics, among others. Reasons to Purchase Egypt Freight & Logistics Market Report: To study current, and future of the market in the developed and emerging markets Analyze various perspectives of the market with the help of Porter’s five forces analysis Detailed analysis of the segment that is expected to dominate the market Regions that are expected to witness the fastest growth during the forecast period Identify the latest developments, market shares, and strategies employed by the major market players 3-month analyst support, along with the Market Estimate sheet in excel. Egypt Freight & Logistics Market Report Customization and Benefits: This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.