International Courant
The Egyptian Group for Multi-Objective Terminals Firm (EGMPT)the business arm of the Egyptian Ministry of Transport for maritime transport and logistics, alongside the Inventure Alliance, and the Turkish firm DOGUS, signed a Memorandum of Understanding on Friday to ascertain a Turkish logistics industrial zone within the Jarjoub Financial Zone.
The signing was attended by Egyptian Minister of Transport Kamel al-Wazir, the pinnacle of the Alexandria Port AuthorityNihad Shaheen, and representatives of the three events concerned.
The MoU is throughout the plan of the Egyptian authorities, represented by the Ministry of Transport, to take advantage of the strategic location of the Port of Jarjoub to implement varied initiatives by way of the alliance.
The purpose is to design, construct, handle and function a business port, free and logistics zones, and join them to the railway community, a multifunctional freight terminal, a passenger terminal, a marina and an industrial zone.
The venture additionally goals to extend commerce quantity with African international locations, maximize Egypt’s function inside Africa and create a logistics spine for complementary industries, value-added industries and warehousing actions for every type of products to fill the huge untapped house behind the economic system to take advantage of. port.
And it seeks to draw world investments to all financial sectors (business, tourism, logistics, data know-how) and set up worldwide tourism facilities, such because the cities of al-Alamein and Ras al-Hikma, to encourage tourism actions and enhance Egypt’s share to extend it. facilitating cruise tourism and establishing an built-in city group and a personal airport within the metropolis.
The Memorandum of Understanding features a interval of six months to conduct research, instantly start implementing the venture procedures and procure the required approvals.
Inside this era, the coalition, in collaboration with the EGMPT group, will conduct feasibility research for the venture to provoke financing procedures and submit them to one of many worldwide establishments to finance the development section.
The venture additionally goals to create greater than 20,000 jobs and pump in additional than $7 billion in direct funding throughout all its phases.
The premise for the venture is the operation of a multifunctional station (containers – dry bulk – liquid bulk – breakbulk) and a various logistics space instantly after signing the contract, which is predicted to be signed earlier than the tip of this 12 months. will probably be put into use in early 2026.
Egypt indicators MoU to arrange Turkish logistics industrial zone in Jarjoub
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