Egypt’s shipping and logistics market is projected to grow significantly in the coming years, reaching an estimated $14.56 billion by 2024 and $18 billion by 2029. Amr El-Samadouni, Secretary-General of the International Transportation and Logistics Services Division at the Cairo Chamber of Commerce, highlighted this growth trajectory, pointing to a compound annual growth rate of 4.33% from 2024 to 2029.
El-Samadouni emphasized the need for enhanced cooperation and coordination among stakeholders from both public and private sectors to address challenges facing the global transport and logistics industry. These challenges include disruptions in the Red Sea, reluctance of ships to enter the region, and interruptions in supply chains due to ongoing regional conflicts.
Improving port efficiency was also a key focus area. El-Samadouni advocated for global efforts to enhance the efficiency of port workers and to transform seaports into smart green logistics hubs. He stressed the importance of integrating these ports into international navigation networks to mitigate issues such as port congestion, container shortages, and delays in goods transport, which have contributed to increased transportation costs.
El-Samadouni further underscored the importance of aligning port service pricing with economic principles and prioritizing the development of Egypt’s logistics market to strengthen its position as a global trade and logistics hub. He highlighted the establishment of a logistics regulatory body and a higher logistics council in Egypt as critical steps in this direction.
In pursuit of transforming Egypt into a transit trade center, El-Samadouni proposed establishing an observatory to monitor the logistics market and sector performance. He emphasized the promotion of multimodal and integrated transport systems as essential strategies. Additionally, he called for collaborative research with global shipping companies to develop sustainable port infrastructure projects.
El-Samadouni outlined three factors crucial for enhancing supply chain resilience and economic impact: investing in ports and logistics infrastructure, conducting feasibility studies, and drawing lessons from global port operations. He emphasized the importance of activating ports as integrated logistics centers, connecting them seamlessly to global supply chains, and ensuring alignment between local and global logistical operations to reduce costs and enhance service quality.
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