Maryzad Plans Logistics Center For Solar Projects In Egypt And Neighboring Regions

Maryzad, a prominent player in the solar energy sector, is set to establish the inaugural logistics center catering to solar energy projects in Egypt and neighboring regions.

The Chairman of Maryzad Solar Co., Amr Baybars, revealed plans for the center, to be launched in the Suez Canal Economic Zone, with investments totaling approximately EGP 40 million.

The logistics hub aims to serve Egypt, Sudan, Saudi Arabia, Lebanon, and eventually Libya, providing necessary solar energy components to meet customer needs and shield the company from disruptions or price fluctuations. Maryzad plans further expansion in Egypt in the coming year, considering it as the company’s main market in the region.

Additionally, the company, in collaboration with Chinese firm Longi, plans to introduce new solar energy products in 2024, following a pricing strategy to benefit all customers and preserve the Egyptian market. Maryzad is exploring opportunities to expand into more foreign markets, especially in Arab neighboring countries, by forming partnerships and increasing its customer base.