Egypt mulls launching shipping lines

Minister of Business Sector Hesham Tawfik

Hesham Tawfik. PHOTO CREDIT: Vaaju

Minister of Business Sector Hesham Tawfik said that his ministry mulls launching navigation lines within the framework of its strategy to increase trade exchange between Egypt and various countries.

The strategy is meant also to promote the Egyptian exports especially vegetables and fruits, he noted.

During his speech at the 4th Investment Forum organized by the Federation of Egyptian Chambers of Commerce (FEDCOC), Tawfik said that his ministry studies resuming the shipping line between Alexandria and Europe via Italy.

During the event held under rubric of “Together to Africa”, Tawfik underlined that his ministry seeks to create investment opportunities via developing its affiliated firms in order to serve their interests.

Source: MENA