GB Logistics launches bonded warehouse operations: Egyptian integrated service provider GB Logistics has inaugurated a new 350k sqm bonded warehouse in Sadat City, according to a press release (pdf).

SOUND SMART- What is a bonded warehouse? A bonded warehouse is an authorized storage facility that allows businesses to store their dutiable goods. Goods secured in a bonded warehouse include finished goods or products that need to undergo manufacturing operations. A non-bonded warehouse typically stores products on which duty has been already paid.

The details: The Sadat City facility is situated strategically between Cairo, Alexandria Port, and other major Egyptian ports, which should increase operational efficiency, facilitate international trade, and provide cost benefits for importers and exporters, according to the press release.

The warehouse has tons of services: The bonded warehouse will provide services for businesses operating in the manufacturing, import and export, and agriculture sectors. Domestic and international companies can use it as a hub for storage, customs clearance, and export procedures.

About GB Logistics: GB Logistics is a subsidiary of GB Corp — previously known as GB Auto Group. It is a multi-service provider that offers logistics operations to customers worldwide. The company provides international and domestic land transportation, warehousing, freight forwardings services, customs clearance, supply chain management, contract and third-party logistics, and transportation planning.

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