Kuwaiti logistics group, Agility, has entered into an agreement with the Suez Canal Economic Zone (SCZONE) and Suez Canal Economic Authority to establish a new logistics centre in East Port Said, one of the region’s leading transshipment hubs.
Under a protocol signed recently, Agility will develop a facility with international standard logistics infrastructure to enhance the import and warehousing of raw materials, as well as the export and distribution of intermediate and finished goods through Suez Canal ports. The company will also provide enhanced solutions for Egyptian Customs, including the modernisation and automation of customs processes. This is expected to improve the speed with which commodities are moved through the ports and decrease supply chain costs.
Tarek Sultan, vice chairman and chief executive of Agility, said, “Egypt’s prominent location allows access to strong regional markets and trade routes, making it an ideal site for a regional distribution hub. Being present in the Suez Canal Economic Zone and, in particular, working in the East Port Said area, will give companies access to world-class infrastructure as well as fast, easy and efficient logistics and customs services in terms of time and cost.”
The next phase of the project involves a feasibility study into the development of the logistics centre and the provision of customs technology services, while a second phase centres on the preparation of a detailed master plan with detailed technical and financial studies. The possibility of establishing a joint venture company between the Economic Authority and Agility is being investigated as a potential third phase of the project.
Agility already has an established position in Egypt, where it manages 43,000 m2 of warehouse space and 30,000 m2 of open yard storage. In Egypt’s 6th October City, the company manages more than 60,000 pallet positions with material handling lifts capable of transferring goods to 67 loading docks.