German logistics giant, DHL to expand operations in Egypt

EGYPTDHL, the world’s largest logistics company, has expressed its plans to expand its operations and investments in Egypt which are currently estimated to exceed LE 1 billion (about US$ 64.25 million).

 According to Egypt Today, the expansion announcement follows a meeting between Egyptian Prime Minister Mostafa Madbouly and the DHL Express Global CEO John Pearson.

Madbouli stressed the Egyptian government’s support for DHL investments that aim at turning Egypt into an e-trade hub in the Middle East and Africa.

According to DHL, this intention to expand comes within the framework of the company’s keenness to turn Egypt into a center for electronic commerce in Africa.

Nour Suliman, CEO of DHL Express Middle East and North Africa, said that DHL Express has made investments to enhance the company’s presence in Egypt, successfully positioned itself as one of the biggest logistics providers in the Region.

He further explained that the company sealed a deal with “Egypt Post” to revolutionize and upgrade their services.

This according to Suliman lead to facilitation of express shipping locally and regionally and utilising advanced tech tools to endorse e-commerce, automation of services and digital transformation.

“We are proud of our ability to enable global trade operations by exploiting the distinguished strategic location of Egypt, as a logistics center,” said Ahmed al-Fangary, General Manager of DHL Express Egypt.

“So we are working to develop our supply chains and improve their operations in a way that supports Egypt’s goal to turn it into a major destination for foreign direct investment.”

Madbouli stressed the Egyptian government’s support for DHL investments that aim at turning Egypt into an e-trade hub in the Middle East and Africa.

DHL Express is strengthening its air and road capabilities; it has added 99 new cars to its vehicle fleet, bringing the total number of freight cars to 120.

The company also plans to increase the number of aircraft to 3 by the end of February, and to 4 by the end of the year.

DHL noted that the expansion was in line with its commitment to support economic growth, and facilitate commerce in the region.

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