Egypt, Jordan to set up logistics center in Mafraq, bordering Iraq and Syria

Egypt, Jordan to set up logistics center in Mafraq: The Egyptian and Jordanian chambers of commerce will establish a logistics center in Jordan’s Mafraq Governorate bordering Iraq and Syria, Federation of Egyptian Chambers of Commerce head Ahmed El Wakeel said. The center will comprise storage facilities and a zone for customs clearance and will be run by a holding company in which the federations will partner directly with industry players and an international company specializing in managing logistics centers. This public-private shareholding structure will allow for revenue sharing. The move comes as part of an Egypt-Jordan-Iraq plan to cooperate on manufacturing, energy, infrastructure, and the post-war reconstruction of Iraq and Syria.