Egypt, MSC partner to transform ports, logistics

Egypt’s Holding Company for Maritime and Land Transport signed a memorandum of understanding on Wednesday with Swiss-based Mediterranean Shipping Co SA (MSC), a move aimed to boost the country’s maritime and logistics sector

The agreement, signed in the presence of Deputy Prime Minister for Industrial Development Kamel El-Wazir, aims to enhance Egypt’s seaport and dry port operations, railway freight systems, and logistics infrastructure, positioning the country as a regional trade and shipping hub.

Deputy Prime Minister El-Wazir emphasised that the partnership aligns with Egypt’s Vision 2030, which seeks to maximise the country’s geographic advantage and transform it into a global center for transport and logistics. “The goal is not just to develop modern ports but to establish an integrated system that strengthens Egypt’s competitiveness in global maritime trade,” Deputy Prime Minister El-Wazir stated.

“This requires strategic collaborations with industry leaders like MSC to implement international best practices,” He highlighted that Egypt is making rapid progress in upgrading its transport infrastructure to facilitate smoother trade, lower costs, and drive sustainable economic growth.

The new collaboration reflects growing international confidence in Egypt’s ability to be a key player in global trade, he added. MSC CEO Soren Toft said given Egypt’s strategic location and growing infrastructure, the country has the potential to be a global leader in maritime trade.

Source : SIS