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Monday, 13 March 2017

Is Amazon looking to do business with Egypt?

Is Amazon looking to open an export logistics center in Egypt? A number of Egyptian companies are in talks with e-commerce behemoth Amazon to become part of an Egypt logistics center that could connect Egypt to Amazon’s global network. Mintra Paper Industries CEO Hany Casis tells Al Borsa that Amazon had said that Amazon will “soon” be in touch with the Egyptian government about establishing a distribution center and could have staff here for talks in “two to three weeks.” Amazon will be looking to contract three companies to handle the flow of some USD 1 bn in products from Egypt to the US and Europe, Casis said. The former chairperson of Egyptian-American Business Council added that his company, Mintra, has already closed an agreement to supply Amazon. The news comes as Amazon has reportedly jump-started talks to acquire Souq.com for USD 650 mn.

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