Egypt launches first shipment to Kenya as part of Gosour project
As part of the Gosour project, Egypt launched its first shipping line from Ain Sokhna port to Kenya’s Mombasa port — a project highly praised by the private and public sectors.
CAIRO — Egypt launched Oct. 24 a new shipping line from Ain Sokhna port to Kenya’s Mombasa port, as part of the Gosour project of Egypt’s Ministry of Public Business Sector to promote intra-Egyptian trade with African countries.
The first shipment, which departed Oct. 20 from Ain Sokhna in Suez, included 52 container ships, representing over 50% of the target for the first three months starting from the October launch of the project, the ministry said.
The ministry has provided a full range of transport and logistics services through the Gosour project, which is being implemented by the state-owned Holding Company for Maritime and Land Transport (HCMLT) and the Misr Insurance Holding Company, in a bid to open new markets for foreign trade, through a single window to deal with exporters and importers.
In an Oct. 20 speech at a conference of the Egyptian Center for Economic Studies, Minister of Public Business Sector Hisham Tawfik said that the government has been seeking to establish a marketing and brokerage company with a proposed capital of $10 million, with local banks and the private sector, as part of the Gosour project.
