7 mega warehouses to be built to triple duration of staple stocking in Egypt

CAIRO – 3 May 2020: Head of Internal Trade Development Agency Ibrahim Ashmawy stated Saturday that negotiations are underway with an international company to build a mega warehouse in each of seven governorates.

The official explained that the goal is extending the duration of staple stocking from 3 months to 8-9 months. The beginning will be with Giza and Qalyoubiyah, while Beni Suef, Qena, Gharbeya, Ismailiyah, and Beheira will follow.

The warehouse in Giza will be built in 6th of October City over 50 feddans, and the other in Qalyoubiyah will span over the same surface area.

The agency's head revealed that the company eyed for the project ranks sixth in the world in logistics management and that it has operations in 112 countries but did not disclose its name.

Ashmawy stated that the governorates' municipalities are allocating lands for the intended warehouses as their construction and operation in partnership with the government will be offered for private investors.