Egypt’s proximity to three continents and control over the Suez Canal grants the country’s location massive strategic importance for the world trade. Since the new government came into power during 2014, massive investments to enhance the infrastructure have been made, with specific emphasis on the logistics and transportation sector. During 2018, Egypt ranked 67th on the Logistics Performance Index. The Egyptian Logistics and Warehousing Market have observed steady growth over the past few years. The major reasons behind the growth being the continued infrastructure investment, fascinating FDI, the enlargement of the Suez Canal, and the government’s focus on encouraging exports.
According to the report analysis, ‘Egypt Logistics and Warehousing Market Outlook to 2025 – Driven by Massive Infrastructure Development and Increasing Foreign Trade’ states that the logistics sector has advanced considerably since the political crisis during 2013. With the trade capacities returning to pre-crisis levels, and the augment in the ease of doing business across the country, the market is now extremely competitive with both international and domestic players. Domestic companies have also begun freight services internationally. International companies are contributing heavily in the seaports and airports and are setting up logistics hubs there. With the growth in the e-commerce industry, e-commerce companies are projected to move away from captive logistics to 3PL companies. To obtain a higher share in the market, the international companies will start obtaining the domestic companies, to make the market more concentrated.
Sea freight is the dominant mode of transport for freight movements. This is commonly because of Egypt’s location and the Suez Canal. Foremost products transported involve the crude oil and its derivatives, food and beverages, machinery, and FMCG goods. Almost all freight forwarders in Egypt follow asset-light models, and they primarily outsource the contract to the domestic players. Asia is the greatest flow corridor for the freight forwarding industry in Egypt in terms of revenue. Forthcoming trends in freight forwarding involve increased trade with African nations and using the Nile River for transportation of goods.
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Egypt, being a trans-shipment hub, has a strong requirement for warehouses. Warehousing market in Egypt has been augmenting at a robust rate owing to the government’s aim on the logistics infrastructure in the country. The market is fragmented with several players in the market. Forthcoming warehousing regions involve Banha Investment Zone, Ain Sokhna port, and East Port Said port. New technologies in the warehousing market in Egypt involve WMS, and automation, which will help to augment the efficiency of the warehousing sector as well as decreasing the operating costs.
Increasing industrial activity, growing foreign investment, aiming to augment exports, and influx of international companies in Egypt will positively affect the logistics and warehousing market. The steady growth in the market is majorly triggered by the enormous infrastructure projects the government has been undertaking, particularly with regards to the transport infrastructure. Forthcoming technologies in the logistics market involve the real-time tracking, WMS, warehouse automation, and utilizing the drones for deliveries. A combination of develop in technology and growing foreign trade and investment will greatly lead to the logistics market’s growth.
For More Information On The Research Report, Refer To Below Link:-
Egypt Logistics and Warehousing Market Report
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