Egypt's Logistics Revolution: Becoming a Global Hub by 2024

CAIRO - Sept. 11, 2023 - PRLog -- Egypt's Strategic Location Drives Economic Growth
Egypt's geographical advantage, with the Nile River and Suez Canal connecting continents, makes it a pivotal player in global trade. The country boasts 15 Mediterranean ports and 33 Red Sea ports, positioning Egypt as a major hub for international trade. In the first quarter of 2019, the transportation and storage sector (excluding the Suez Canal) contributed 5% to Egypt's GDP and attracted substantial investments, accounting for 11% of total investments.

Economic Impact and Investment Inflow
In FY 2018/19, the logistics sector contributed 2% to Egypt's GDP and drew in a noteworthy investment of USD 5.8 billion in 2019. The Suez Canal, facilitating 13% of ships and 20% of container vessels worldwide, plays a pivotal role in this economic surge, reshaping global trade dynamics.

Market Overview
The Egyptian government is actively promoting the nation as a global logistics hub, particularly in attracting foreign investments. The country relies predominantly on its road network for freight transportation, ensuring efficient goods flow and global prominence.

Transport Modes
Egypt's transport and logistics market consists of Road Freight, Sea Freight, Air Freight, and Rail Freight. Road Freight dominates with over 90% market share, capitalizing on Egypt's strategic positioning, providing rapid access to Europe, the Middle East, and Africa.

Market Segmentation:
Egypt's logistics market is split into Freight Forwarding and Warehousing, with Freight Forwarding contributing over 60% of revenue.

Payment Methods:
Cash on Delivery (COD) is the top choice due to limited card payments and customer confidence in online transactions.

Freight Types:
Domestic Delivery Market is dominant, with over 60% market share, followed by the International Market segment.

Key Findings
Recent developments include the implementation of ACI, a fully automated customs process, and a partnership between the Suez Canal Economic Zone and Agility to enhance customs processes. Egypt's ambitious 10-year plan to update transportation infrastructure aims to establish the nation as a global logistics hub by 2024.

Comprehensive Market Analysis
The Makreo Research study on Egypt's Transportation and Logistics Market offers a holistic analysis, considering qualitative and quantitative factors, consumer behavior, industry trends, and market dynamics. This comprehensive approach aids readers in understanding past performance, current opportunities, and potential future growth prospects in Egypt's logistics market.

For more information on the research report, refer to below link:
Egypt Transportation and Logistics Market Size and Outlook to 2028 (https://www.makreo.com/report/egypt-transportation-and-lo...)

Related Report:
Egypt Third Party Logistics (3PL) Market Size and Forecast (2023-2028) (https://www.makreo.com/report/egypt-third-party-logistics...)