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Tuesday, 20 August 2019

Egypt’s ITDA to tender five logistics centers in September

The Internal Trade Development Authority (ITDA) will launch next month tenders to build five logistics centers in Kafr El Sheikh, Suez, El Wadi El Gedeed, Sharkia, and the Red Sea — at an initial investment cost of EGP 14.2 bn, Supply Minister Ali El Moselhy said. The planned centers will span 120 feddans in the Red Sea (developed at a cost of up to EGP 7 bn), 35 feddans in Sharkia (at EGP 3 bn), 30 feddans in Suez (at EGP 2.5-3 bn) and five feddans in Kafr El Sheikh (at EGP 700 mn). The ITDA awarded contracts to Egyptian and foreign investors to develop six similar projects in March. The authority is also in talks with unnamed Greek investors to establish a 10.1k feddan, USD 30 mn project in El Wadi El Gedeed to produce and package dates.

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