Transport minister witnesses signing of guarantee agreement between FEDCOC, Egyptian Customs Authority
Egypt plans to launch two international Arab trade corridors linking Europe with Gulf countries through its territory as part of a broader strategy to develop eight integrated logistics corridors connecting Asia, Africa, and Europe, its transport minister said Monday.
Wazir said the Egypt-Libya-Chad road project is a key component of the corridor and is expected to facilitate trade between Egypt and African countries, while improving connectivity between Chad, Gulf states, and South and East Asia.
Wazir said the two planned trade corridors would complement major international transport initiatives, including the India-Middle East-Europe Economic Corridor (IMEC), China’s Belt and Road Initiative, and the Iraq-Turkey Development Road project through partnerships with global shipping lines.
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