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Emirati port operator DP World inaugurated its USD 85 mn Sokhna Logistic Park in the Sokhna Industrial Zone, marking a strategic step in Egypt’s efforts to position itself as a regional hub for logistics services and global trade, according to a cabinet statement. The first phase of the project has begun operations, while the second will go online in 3Q 2026, once both are operational the zone will create 300 jobs.
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REMEMBER- The company broke ground on the 300k sqm logistics zone in November 2023 after inking a construction agreement with the Suez Canal Economic Zone’s Main Development Company (MDC) in August 2022.
A look into what the logistics zone is offering: The project includes a bonded warehouse for container storage and a duty-paid warehouse for goods storage. The logistics zone also offers real-time cargo tracking systems, on-site customs processing, and an integrated electronic customer service platform.
SOUND SMART- Bonded warehouses are government-authorized facilities that store goods for a limited time without being subject to duties, taxes, or customs fees. They’re particularly useful for temporary storage of goods moving internationally. While a duty-paid warehouse is exactly as it sounds, a facility where goods are stored after their customs have been paid.
Which industries can utilize the logistics park? The logistics zone will support key sectors such as raw materials, packaging, agriculture, electronics, building material, textiles, cars, spare parts, and electric vehicles.
What they said: “Our goal is to achieve seamless integration across supply chains to boost trade flows, support exports, create new jobs, and drive economic growth forward,” DP World CEO Sultan Ahmed Bin Sulayem said.
More to come from the Emirati company: DP World plans to replicate its smart rail transport model implemented in India in Egypt within the next 12 months, as part of its broader strategy to expand into developing Egypt’s rail infrastructure, Bin Sulayem said.
