IDG, Star Shine to establish Dry Port of Koum Abou Rady in Beni Suef

CAIRO – 23 October 2023: Industrial Development Group (IDG) has initiated the process of signing a Memorandum of Understanding (MoU) with Star Shine to develop and operate the Dry Port of Koum Abou Rady.

According to sources cited in local media reports, the estimated area of the port is currently 92 acres. However, negotiations are underway to expand the total area to an impressive 170 acres, with investments expected to reach approximately 500 million dollars.

IDG, in its announcement, stated that the initial phase of the project will cover 33 acres. It also stated that The Dry Port of Koum Abou Rady is poised to become a crucial logistics hub, catering to the needs of businesses and streamlining the movement of goods within and beyond the governorate.

Star Shine will oversee the dry port’s operations. The port's primary objective is to serve the industrial areas in Beni Suef, providing essential support to local businesses in their supply chain operations.

One of the key advantages of the dry port is its strategic location, which is expected to play a pivotal role in driving the growth of the local economy. By establishing a reliable and efficient logistics infrastructure, the port aims to attract more investments, boost trade volumes, and stimulate economic development in the region.

In a press statement, IDG revealed that it had submitted an expression of interest to the Governorate of Beni Suef for the development, management, and operation of an expansive industrial complex in Koum Abou Rady. Encompassing an area of approximately 70 feddans, this industrial complex will further contribute to the economic prosperity of the governorate.