DHL invests LE500m by 2013 and 2014 to increase market share in Egyptian logistics market
- Egypt: Saturday, January 12 - 2013 at 09:47
- PRESS RELEASE
DHL Express Egypt, the market specialist in express and logistics industry in the Middle East, announced that it has recently signed a Memorandum of Understanding with Cairo Airport Cargo Company to establish its biggest logistics hub in Africa in the new Cargo Village at the Cairo International airport.
Amr Tantawy, DHL Express' Egypt Country Manager, says, "The new DHL facility will be the MENA hub for consolidating, sorting and re-exporting shipments coming from Europe."
"The new logistics center is an important investment milestone offering for the first time in Egypt bonded warehousing services for storing and re-exporting goods giving customers the flexibility to tailor-made solutions that suit their business operations and requirements in the supply chain process," he added.
Tantawy highlighted that improving the transport infrastructure is a prerequisite for the development of Egypt's logistics sector. Investment incentives and simplified regulations to attract more international investors are also necessary to boost Egypt's position as a competitor to the global logistics hubs such as Dubai and Honk Kong.
"We haven't been adversely affected by the 25th of January revolution. This is due to the fact that we are dealing with a wide range of diverse industries which were not equally affected by the revolution spillovers," he pinpointed. "Nevertheless, we would have scored better growth rates under normal circumstances."
Tantawy pointed out, "Egypt is an integral part of our global network spanning more than 240 countries worldwide. Our positive outlook for Egypt's fast recovery from the recent turmoil has spurred DHL to implement its ambitious strategy aiming at setting Egypt as a major logistics hub in Africa."
He added that DHL management has conducted several successful meetings with key officials in the government to discuss various critical issues related to the development of the logistics sector in Egypt. "All the esteemed officials we've met with were so cooperative and open-minded especially HE Hany Mahmoud, the Minister of Communications, President of the Egyptian National Post Organization as well as several senior executives in Egypt Air."
"Building on our broad expertise and global geographic reach, we plan to offer our customers in Egypt the DHL quality door-to-door pick-up and delivery services. This unique DHL service will enable customers to purchase from any global destination, and pay for their shipments upon delivery in Egyptian pounds," he said.
DHL started its business in Egypt in the early 1980's through a small office located in Cairo with only 24 employees. Today, DHL Egypt has more than 400 employees, 40 branches across the country, and a 100 vehicles fleet. DHL Egypt continues to expand its footprint and increase its 40% market share to be the leading logistics provider in the region.
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