17 Hrs
Source:
مباشر
_1777294237270_124456903.png&w=64&q=75){kind=small}
Egypt's Europe Saudi link
Egypt is strengthening its role as a logistics corridor for moving goods from Europe to Saudi Arabia. The goods arrive at Alexandria Port, are transported overland to Red Sea ports, and then shipped by sea, as geopolitical tensions drive growing reliance on these routes. Transport Minister Kamel Al-Wazir said trade along routes linking Egypt with Saudi Arabia and Jordan is increasing. Egypt has allocated around EGP 9 billion to upgrade berths at Alexandria Port and aims to launch four new shipping lines to European and African ports over the next two years. It also aims to raise the net profits of commercial ports under the Ministry of Transport by about 10% in fiscal year 2026–2027.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)