Transport Minister Kamel Al-Wazir mentioned Egypt has efficiently solid strategic partnerships with main international port operators, delivery strains and worldwide operators, strengthening the flexibility of Egyptian ports to draw transshipment commerce and improve their international competitiveness. He additionally expressed his aspiration to increase cooperation with US corporations within the sector.
The Minister made the remarks throughout his participation within the “Port Infrastructure and Maritime Innovation” convention, organised by the Business Workplace of the US Embassy in Cairo. The occasion was attended by Robert Silverman, Chargé d’Affaires of the US Embassy in Cairo; Mark Mitchell, US Deputy Assistant Secretary of Commerce; and a number of other senior officers, decision-makers and representatives of the maritime transport and enterprise sectors from each international locations.
In his speech, Al-Wazir mentioned the convention displays the depth of Egyptian-US relations, which prolong past commerce and funding cooperation to a longtime strategic partnership that has demonstrated its potential to help development, stability and growth. He famous that cooperation in very important sectors is a key driver of the 2 international locations’ shared pursuits.
He defined that maritime transport is central to this partnership, given Egypt’s strategic geographical location, the Suez Canal, its developed ports and logistics zones.
Moreover, Al-Wazir famous that Egypt has made important progress within the transport sector by increasing infrastructure, shifting in direction of sensible and sustainable modes of transport, and strengthening regional and worldwide connectivity. He added that the state has additionally adopted an built-in imaginative and prescient to help the blue financial system by creating maritime transport, ports and logistics companies and enhancing provide chains, whereas adhering to worldwide environmental requirements and supporting industrial, agricultural and concrete growth targets, growing exports and attracting funding.
He added that the state is at the moment implementing eight built-in worldwide growth and logistics corridors linking Purple Sea and Mediterranean ports and the Suez Canal hall with dry ports and industrial, agricultural and mining zones by railway networks, high-speed electrical trains and highways. These corridors will assist cut back the time and price of transporting items and strengthen Egypt’s place as a regional transport and logistics hub and a centre for transshipment commerce, he famous.
The Transport Minister mentioned the important thing corridors embody Al Arish-Taba, Sokhna-Alexandria, Safaga-Qena-Abu Tartour, Cairo-Alexandria, Tanta-Mansoura-Damietta, Gargoub-Salloum, Cairo-Aswan-Abu Simbel, and Bernice-Aswan-East Oweinat-Al Kufra-N’Djamena.
These corridors provide in depth alternatives for cooperation, funding and partnerships with the US in transport, logistics, mining, business and infrastructure, he mentioned. He additionally highlighted the significance of the Al Arish-Taba and Sokhna-Alexandria corridors in supporting Egypt’s potential integration into the India-Center East-Europe-America Financial Hall (IMEC), stressing Egypt’s readiness, backed by its superior infrastructure, ports and industrial and financial zones.
Al-Wazir burdened that Egypt’s distinctive geographical location, along with the safety and stability it enjoys, strengthens its position as a key hub for international commerce. He defined that Egypt’s logistics corridors help the Northern Arab Commerce Hall linking Europe with the Levant, in addition to the Southern Arab Commerce Hall linking Europe with the Gulf states by Egypt. This, he mentioned, would assist facilitate international commerce flows and open new avenues for cooperation with the US.
He famous that the technique for creating Egypt’s maritime transport business goals to remodel Egyptian ports into built-in logistics hubs linked to numerous transport networks. This can cut back clearance and dealing with instances, reduce prices and enhance the effectivity of exports and imports.
The plan additionally consists of creating ports on the Purple Sea and Mediterranean coasts and establishing 5 new ports, bringing the entire variety of business ports to 19. It additionally expands their complete space to round 100 million sq. metres, provides 70 kilometres of berths, and develops navigation breakwaters and fleets of marine tugboats.
Al-Wazir additionally mentioned the state is working to develop Egypt’s service provider fleet to succeed in 40 vessels by 2030, with an annual transport capability of 30 million tonnes. This shall be accompanied by the implementation of inexperienced maritime transport tasks, higher use of fresh power, reductions in carbon emissions and the applying of worldwide environmental requirements at ports.
Concluding his remarks, the Transport Minister affirmed the Egyptian authorities’s readiness to supply help and help to severe buyers, significantly US buyers, throughout the transport sector. He burdened that the way forward for the sector rests on partnership, integration and the alternate of experience, whereas expressing his aspiration to broaden the horizons of Egyptian-US cooperation in a way that promotes shared prosperity and strengthens the sustainability of worldwide commerce.
