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Unleashing Potential: Egypt's Third-Party Logistics Market Set for Major Expansion
The 3PL (third-party logistics) market in Egypt has experienced a significant growth rate of 4.8% in 2022, reaching a value of USD 3.02 billion.
By: Makreo Research and Consulting
Egypt's third-party logistics (3PL) market is a key player in global trade, with significant investments in infrastructure, particularly in logistics and transportation. The rapid expansion of international commercial operations, integrated port facilities, and professional logistics providers are driving growth.
The dominance of Freight Forwarding and Transportation
Freight forwarding and transportation dominate the service market in Egypt's 3PL sector. Roads are crucial, with 94% of freight using this mode of transport. However, there's a lack of consistent distribution infrastructure and services around road-based transportation.
Maritime and Air Transport
Egypt's strategic location near the Mediterranean and the Red Sea, connected by the Suez Canal, is vital for maritime transportation. The Suez Canal facilitates about 12% of global trade. Egypt also has 73 airports, with Cairo being the second busiest in Africa.
Notable developments in the warehousing sector include the Egyptian Armament Authority's contract with the Orascom Weitz consortium to develop strategic warehouses for medicines and medical equipment. Amazon also plans to triple its storage capacity in Egypt by 2023.
Egypt plans to build 7,000km of roads, costing around USD 9.8 billion. The country also aims to invest over USD 38 billion in its petrochemicals sector over the next four years. Vision 2030 includes the development of transportation infrastructure to transform the country into a production and distribution hub for Europe, the Middle East.
Makreo Research Report
Makreo Research's report provides a comprehensive analysis of Egypt's 3PL market, examining historical, current, and future perspectives. It focuses on the transportation segment, evaluates various modes of transportation, investigates significant trade routes, and presents a future outlook for Egypt's 3PL market.
Find Out More:-
Egypt Third Party Logistics (3PL) Market Size and Forecast (2023-2028) (https://www.makreo.com/
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