Egypt launches Ain Sokhna-Mombasa shipping line

Egypt has launched a shipping line from Ain Sokhna Port to Mombasa Port in Kenya, Egypt's Minister of the Public Business Sector Hisham Tawfik said on Sunday.

The line will offer a full range of transport and logistics services to global traders working with East African countries, Tawfik said during his participation in a conference on governance index in Africa that was held by the Egyptian Center for Economic Studies on Sunday.

The shipping line is part of the Gosoor Project adopted by the public business sector ministry to enhance foreign trade between Egypt and Eastern and Central African states.

In his address to the Rotaries African businessmen forum earlier this month, Tawfik said that the project aims, in its first phase, to provide an integrated logistics and transportation services chain for external trade and industry with East African countries through companies under the public business sector ministry, in addition to providing an insurance service for goods.