Egypt, Saudi Arabia to launch land-sea bridge for Gulf trade
Egypt’s Navex Logistics signed a memorandum of understanding with the Saudi Al-Haj Abdullah Ali Reda company to establish an integrated logistics corridor connecting Egypt to the Gulf.
The agreement aims to transform Egypt into a global logistics hub for cargo collection and distribution through a "sea-land bridge" project.
Under the plan, Egyptian ports will link to the Saudi city of Jeddah, from which goods will be transported by land to various Gulf states, according to a Wednesday statement by Navex Chairman Rouhy El-Araby.
The project seeks to provide a fast, secure alternative route to the Strait of Hormuz, which has faced recent shipping challenges due to regional tensions.
Araby noted that the companies are studying the launch of a regular shipping line between Sokhna and Jeddah to ensure the rapid flow of shipments from the Far East and the Mediterranean toward Gulf markets.
The initiative aligns with a joint Egyptian-Saudi vision to enhance economic integration.