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Saturday, 24 August 2019

Egypt, Jordan to set up a logistics center in Jordan's Mafraq

Doaa A.Moneim , Sunday 21 Jul 2019
Ahmed El-Wakil
Ahmed El-Wakil (Photo: Ahram)
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Egypt's and Jordan's chambers of commerce agreed on establishing a logistics center in Jordan, the head of Federation of Egyptian Chambers of Commerce (FECC) Ahmed El-Wakil announced.

El-Wakil explained that the new center will be established in Jordan’s Mafraq Governorate bordering Iraq and Syria, and will include storage facilities and a zone for customs' clearance.

 "The center will be run by a holding company in which the federations will partner directly with industry players and an international company specializing in managing logistics centers. This public-private shareholding structure will allow for revenue sharing", El-Wakil explained.

The move comes as part of an Egypt-Jordan-Iraq plan to cooperate on manufacturing, energy, infrastructure, and the post-war reconstruction of Iraq and Syria. 

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