Beit Logistics gets the nod for logistics center in Safaga: Egypt’s BeitLogistics inked a land-use agreement with the Golden Triangle Economic Zone Authority to set up an integrated logistics center at Safaga Port — earmarked for over EGP 500 mn (USD 10.5 mn) in the project’s first phase, according to a statement. The facility will be developed on an area spanning 65k sqm, offering advanced warehousing, container handling, repair facilities, and hosting an eco-friendly transport fleet.

On the cards: The hub will feature some 16k sqm of warehouse space, with a storage capacity of 1 mn tons annually. It will also host a 50k sqm container and general cargo yard, which will handle around 100k TEUs per year.

Leading the way: “In the coming years, we expect accelerated investment in transport, renewable energy, and logistics infrastructure, all supported by public-private partnerships,” into the Golden Triangle, Kadmar Group CEO and Beit Logistics VC Medhat El Kady told EnterpriseAM. “Safaga, in particular, is set to become a gateway for exports from Upper Egypt and neighboring countries — linking mines, factories, and industrial cities directly to the global market,” he added.

ALSO- It’s going green: The center is designed to stand out as a model of green logistics — powered by solar energy and built according to EDGE-certified sustainable building standards. Beit Logistics plans to operate an eco-friendly trucking fleet and implement digital inventory systems to minimize waste and optimize fuel use, El Kady said.

Private players have been eyeing the Golden Triangle: A handful of private players — including Orascom Construction, IDG, and Elsewedy Industrial Development — were said to be in talks with the government to help set up an industrial zone in the Eastern Desert’s Golden Triangle just last month. The planned industrial zone’s first phase is set to cost USD 2 bn in initial investment, with the zone ultimately catering to the mining, agriculture, trade, and tourism sectors.

What’s so golden about this triangle? Located in the area between Qena, Safaga, and Quseir, the 2.2 mn-feddan desert area is thought to hold nearly 75% of the country’s entire mineral wealth — including phosphates, which are a key component of fertilizer and one of Egypt’s most lucrative exports.

Safaga’s been getting a lot of attention: Egypt’s Red Sea Port Authority tapped Canal Shipping Agencies and Suez Mechanical Stevedoring Company in June to manage and operate two cargo storage yards in Safaga Port under two 10-year contracts. AD Ports Group installed three Panamax-class cranes from China’s Shanghai Zhenhua Heavy Industries at its multi-purpose terminal at Safaga Port earlier this year.

…and expanding its regional links: A pilot shipment successfully traveled along a new multimodal corridor connecting Egypt through Safaga Port to Saudi Arabia, and Iraq in July. The trial found that the corridor slashed delivery time for Saudi Arabia-bound shipments coming from Egypt by over 50% compared to traditional routes.

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