On the margins of the Egyptian-Kuwaiti Economic Forum in Cairo, the Suez Canal Economic Zone signed a contract with Agility Company for the establishment and management of logistics and customs business centres in the area.
Walid Gamal El-Din, the director of the Suez Canal’s economic zone, and Tariq Sultan, the vice-chairman of the company’s board of directors, both signed the deal.
Managing its own customs system entails using electronic tools that are compatible with the new customs system, automating processes and tasks within the region’s customs departments, and establishing a communication link with other government organisations engaged in the task of inspecting shipments.
With investments totaling $60 million, a logistics centre will be built on an area of 100,000 square metres in the industrial area of Sokhna, along with another centre on an area of 100,000 square metres in East Port Said, with the goal of facilitating trade, speeding up the incoming and outgoing operations of the region’s investors, and automating the customs procedures manual for their systems. Construction will soon start on the first phase.
According to Walid Gamal El-Din, the authority’s strategic plan (2020–2025) calls for the completion of the empowerment phase as well as the completion of all fundamental regulations and regulations for investment in the region in order to create an environment that is conducive to investment. This contract will be signed with one of the top companies in this industry to run the developed customs logistics centre.
to achieve economic growth that is both integrated and sustainable and that also helps to create a lot of job possibilities.
In conjunction with a window project that shortens the time of customs release, does not accumulate goods, and increases movement of circulation and trade locally and regionally through the project, he continued, this contract will enable the authority to tighten customs control over the movement of goods and merchandise circulation within the economic zone.
By constructing an integrated automated system to increase the efficiency of customs services, reduce the accumulation of goods, and provide a high-quality service to dealing investors, Gamal El-Din continued by stating that this agreement is in line with the policies of the Egyptian government in developing customs clearance services. He also indicated that full coordination and cooperation with the Ministry of Finance and my interests Taxes and Customs, reflect favourably on this type of services.
Sultan, for his part, emphasised that Egypt has always been a significant player in regional and international trade and that the government’s ambitious modernization project and other strategic development initiatives show the nation’s commitment to future economic leadership.
Agility, he continued, is making investments in sustainability and innovation, and he emphasised that future collaboration with the Suez Canal Economic Zone will improve Agility’s standing internationally.
He emphasised that the Suez Canal Economic Zone and the Egyptian government are working to make Egypt one of the most advanced operators in the world and an essential trading partner in the twenty-first century as a link to the Middle East, North Africa, Asia, and Europe through the development and modernization of customs and logistic services centres.
In addition to its renowned location at the crossroads of international trade routes, he pointed out that the Suez Canal Economic Zone projects benefit from the best infrastructure and logistic services in the world, making them among the fastest expanding markets.
The Suez Canal and customs services are developed with the aid of agility.
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