Egypt’s logistics profile will play a significant role in the country’s economic recovery. While businesses operating in Egypt already benefit from the country’s geographical location and its excellent air and maritime networks, they remain in dire need for better utility supply as well as road and railway infrastructure upgrades. The outlook for Egypt’s logistics profile is therefore positive over the long term as the efforts of the Egyptian government to reform the economy have so far helped attract the much-needed investments to carry out these upgrades. However, businesses operating in Egypt and their international trade partners will continue to face challenges including the risk to supply chain disruptions due to road traffic congestion and the impact of movement restrictions due to Covid-19. Over the medium term.
The transportation sector is the Trojan horse of economic growth in Egypt. As transportation networks are considered the arteries which economic and social activities flow through, where all sectors of the national economy depend on the services and facilities of this sector to link both production and consumption markets together, besides having the access to the needs of raw materials and services and operating.
Over the past year, the Ministry of Transport has been able to implement many projects in the various fields of transportation, within the framework of the interest that the political leadership attaches to developing the transportation system in Egypt according to the latest global technological systems, to provide distinguished service to the Egyptian citizen in the fields of roads, railways and subways, And sea ports. And a new government legislation was passed allowing semi-governmental entities such as the Egyptian Railways Company to issue bonds, which would increase the volume of investment.
- The Egyptian state also gives special importance to the transport sector projects within its ambitious strategy to provide and integrate various transportation networks and means to serve the comprehensive development process and achieve a balance between social, economic and environmental requirements, in addition to achieving a breakthrough in the level of services provided to citizens, providing the highest safety and security standards, as well as facilitating The movement of commercial transport and stimulating the investment environment, which can be seen into the implementation of a number of important and mega projects in accordance with the latest international standards and advanced technologies.
The transport sector in Egypt has witnessed great achievements and huge projects since June 2014, as it showed special interest in the field of transport in its various sectors as one of the most important tools for implementing the comprehensive development plans in the country, and the transport projects aimed to make a breakthrough in this important vital field by creating and activating the multimedia transport system, Which connects the various means of transport, whether for passengers or goods, and transport projects aimed at expanding road and bridges networks, developing and renewing all elements of the railway system, developing the subway and adding more lines with international specifications to achieve ease of traffic in Greater Cairo.
Improving transportation networks will not only be the key to achieving Egypt's ambitions to increase trade with international markets, but it will also be beneficial in the proper management of the urban development under way in many parts of the country. To achieve these goals, we must increase the participation with private investments.
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