Egypt inks contract with Swiss MEDLOG for 10th of Ramadan dry port, logistics area
Updated 1/8/2025 6:06:00 AM
Arab Finance: The General Authority for Land and Dry Ports (GALDP) has signed a contract with the Swiss logistics firm MEDLOG for the financing, design, construction, operation, and maintenance of the dry port and logistics area in the 10th of Ramadan City, as per a statement.
The partnership agreement was made under the private sector partnership system.
MEDLOG, the logistics division of the Geneva-based MSC Group, develops infrastructure for dry ports and logistics centers in the 10th of Ramadan City under a 30-year agreement with GALDP.
The deal was signed in August 2023 with Egypt's Ministry of Transport.
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir highlighted that the project aligns with President Abdel Fattah El-Sisi’s vision to transform Egypt into a regional transportation, logistics, and trade hub.
The Ministry of Transport plans to establish 32 dry ports and logistics areas across the country and integrate seven logistics corridors to connect production zones with seaports.
The 10th of Ramadan dry port and logistics area, spanning 250 feddans, will play a key role in the international logistics corridor connecting Sokhna and Alexandria.
The project will be divided into two zones: 130 feddans for the dry port and 120 feddans for the logistics area.
It aims to alleviate port congestion, improve logistics services, reduce transportation costs, and enhance efficiency in connecting manufacturing and consumption centers.
The project’s strategic location will link to Egypt’s key seaports—Sokhna, Alexandria, Port Said, and Damietta—via road and rail, boosting the efficiency of Egypt’s logistics supply chains and creating job opportunities in the process.
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