Egypt… A Bright Future for Warehousing & Material Handling Business
The number of mega warehouses in Egypt in 2023 reached 1799 units.
There are a total of 25,000 medium and small warehouses in registered Egypt.
Egypt is establishing seven modern storage complexes to better monitor the movement of goods. Those will cost LE14 billion and span over 1.3 million square meter.
Egypt’s material handling market is expected to reach US$ 1.2 Billion in 2024.
The number of approved industrial zones in Egypt reached 147 affiliated with seven entities, with a total area of about 1.7 Million acres, in addition to 17 industrial zones under the industrial developer system with a total area of 22.7 Million sqm.
Egypt is planning to build 14 new logistic zones in 10 governorates at LE33.54B.
Egypt’s warehousing market is expected to increase at a CAGR of 16.5% annually for the coming 5 years due to the vast increase in logistic zones and the tremendous growth of e-commerce sector.
Egypt is the world’s 55th largest market for e-Commerce with predicted revenue of US$2,310.0 million by 2023.
Revenue of e-Commerce is expected to show a compound annual growth rate (CAGR 2023-2027) of 6.1%, resulting in a projected market volume of US$2,925.4 million by 2027.
Egypt will be transformed by 2024 into one of major global hubs for transport and logistics through a massive 10-year plan to modernize warehouses and transport infrastructure.