President Abdel Fattah El-Sisi held a meeting with Dr. Mostafa Madbouly, Prime Minister, and Lieutenant General Kamel Al-Wazir, Minister of Transport.
Counselor Ahmed Fahmy, the official spokesperson for the Presidency, stated that during the meeting, the President was briefed on the developments of the intensive efforts, exerted by the State in collaboration with the local and foreign private sector, to establish integrated development logistical hubs, linking production areas of all kinds with seaports, which are being developed into world-class hub-ports with massive capacities, provided with various logistical zones, in a manner that integrates with the modern transport network, including roads, crossroads, and railways, in a scheme that provides the required ingredients to transform Egypt into a global trade and logistics center , which is expected to achieve massive returns for the national economy.
In this context, the ongoing efforts to develop the shipping, maritime, land transport, direct and indirect transit trade system, the process of developing integrated solutions for containers and cargoes handling and transport across Egypt, and the project to establish a railway line between Al-Arish and Taba, the establishment of a new logistical hub, which achieves a breakthrough in the process of cargo and trade transport through establishing a link between the Mediterranean Sea and the Gulf of Aqaba was exemplified.
The Spokesman indicated that the President directed the government to prepare an integrated package of incentives, exemptions and facilities, in a number of industrial and logistical locations in Egypt, to encourage transit trade and manufacturing, export and re-export operations, with the aim of giving a strong impetus to these sectors and increasing their competitive advantages, and maximizing the benefit of recently established and upgraded infrastructure in this regard, which contributes to increasing Egypt’s share in the global trade market, and opens new markets for Egyptian products and exports.
The Spokesman for the Presidency also added that the President was also briefed on the executive position of the process of developing and rehabilitating the metro lines, the first with a length of 44 km, and the second with a length of 22 km, in addition to the ongoing work to construct the fourth metro line with a length of 42 km.
In this regard, Mr. President demanded that prominence be given to improving the level of service, preserving this vital national facility, and carrying on exerted efforts to localize the industry and intensify efforts to locally manufacture metro components, within the framework of the State’s comprehensive strategy to strengthen the national industry.