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Egypt and "Seva Al-Majdowei" signed a memorandum of understanding to explore the development of a logistic corridor connecting Europe, Egypt, the Gulf, and Iraq. The goal is to enhance the efficiency of cargo transport and connect international and local markets through an integrated network of maritime, land, and customs transport. The cooperation aims to improve the flow of shipments, expand business opportunities, and increase the competitiveness of the NEOM Port as a multimodal logistics hub. This initiative aligns with Saudi Arabia's strategy to strengthen its position as a global logistics center and support the growth of regional and international trade.
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