Shipping & Logistics News
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Raya Holding signs agreement to acquire 27.69% stake in Ostool
Raya Holding had plans to sell their 62.3% stake in Ostool for Transportation to Paradigm Logistics for LE 266.6 million in 2021.
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SCZone Receives Ghana Ports to Discuss Cooperation Opportunities
The meeting came on Saturday as part of the delegation’s visit to the economic zone and its affiliated ports to discuss opportunities for cooperation.
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Egypt receives first train to operate on high-speed electric rail network
Egypt has received its first train of its kind to operate on the high-speed electricity network’s first line, stretching from Ain Sokhna to Matrouh.
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Egypt's Suez Canal Authority to co-establish boat manufacturing company
Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats.
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Suez Canal: Tugboats Working to Tow Container Ship after Malfunction
This came on Wednesday during ship's crossing of the canal as part of the southern convoy on its journey coming from Singapore to the Netherlands.
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Naguib plans to invest over USD 120 mn to turn motorcycles and three-wheeled tuk-tuks into EVs
Sawiris’ plan will be carried out through e-mobility startup BluEVunder an investment agreement signed with Orascom Investment Holding (OIH).
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Cairo monorail nears completion
The $4.5bn project, led by Egypt’s National Authority for Tunnels (NAT), aims to improve Cairo’s transportation network.
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Suez Canal achieves record revenues during November
This year is now the the highest compared to previous Novembers throughout the history of the Suez Canal.
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Contractor starts Sokhna logistics park work
The planned facility will cater to logistics, trading, distribution, value-added and light industrial activities.
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Hungary's President "Katalin Novák" Rides Train from Egypt's Ramses Station to Giza
The President of Hungary left from Giza station to complete her visit to Egypt according to the specified schedule.
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UAE’s DP World starts building $80 mln logistics park in Egypt's Ain Sokhna
The UAE's major logistics firm, DP World, has commenced construction on a logistics park in Egypt's Red Sea industrial and tourist hub, Ain Sokhna.
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Egypt's transport ministry reveals details of prospective Gargoub Port's economic zone
The port's quays will be expanded to stretch on a total of eight kilometers - located on the Mediterranean in Matrouh governorate.
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Egypt, South Korean STX sign MoU to develop Jarjoub port and economic logistics zone
Egypt has recently entered into a memorandum of understanding (MoU) with the South Korean company STX to develop the Mediterranean port of Jarjoub.
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Egypt to handle 27 million containers by 2030: EIFFA
Suez Canal will be completely transformed into a green canal by 2030, in light of the unprecedented support for the sector by the Egyptian government.
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Thales to provide Alexandria metro with modern solutions in Egypt
Under the scope of this new contract, Thales will provide its latest rail and AFC (Automatic Fare Collection) technologies.
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Egypt targets $3.9B foreign investments from SCZONE
This target comes after SCZONE garnered investments worth $1.3 billion in the first four months of the current fiscal year.
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Unlocking economic potential: Transforming Egypt’s ports into global hubs
Egypt is working on developing its seaports, which in turn helps boost its economic growth.
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China’s growing maritime presence in Egypt's ports and the Suez Canal
China's increasing involvement in Egypt's strategic ports is evident through the participation of both private and state-owned Chinese companies.
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94% of Egyptian commuters expect contactless fare payments on public transport
Around 94 percent of Egyptian commuters expect contactless payment options to be available on public transport, according to a survey.
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Egypt approves building new private free zone in Ain Sokhna
Egypt has approved the construction of a new private free zone in Ain Sokhna to produce feldspar and silica-free bio-quartz and lapitec panels.