Cabinet reveals state's plans to expand logistic zones, franchises

CAIRO - 10 February 2020:The cabinet Monday unveiled the state's intentions to expand the logistic zones and franchises nationwide with a view to easing the supply of commodities and reducing the transportation fees that account for 30 percent of the total cost.

According to an infograph published by the cabinet media center, the expansion plan underscores the keenness of the state on providing high-quality commodities and food stuffs for citizens at low prices, in order to control markets across the country.

The plan targets setting up as many as 60 central and regional logistic zones nationwide by the year 2030, encompassing eight central zones and 52 regional ones, the infrograph showed.

The wholesale and retail trade sectors accounted for 13.5 percent of the 2018 gross domestic product (GDP), compared with 12.9 percent in 2013 and 2014.

Also, the wholesale and retail investments increased by 283.1 percent to reach EGP 31.8 billion in 2018-2019, compared with EGP 8.3 billion in 2013-2014.

The state seeks to take the number of franchise outlets from 669 to 1,895 nationwide by the year 2030, the infograph added