Thursday, November 28, 2024

Egypt Launches Strategic Land-Sea Bridge to Boost Fresh Produce Exports to Europe

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Today marks a significant milestone in Egypt’s quest to become a global hub for trade and logistics. The inaugural voyage of the land-sea bridge connecting Egypt to Europe commenced, aiming to streamline the export of fresh agricultural products to the continent. This initiative aligns with Egypt’s strategic vision to leverage its prime geographical position between the Red Sea and the Mediterranean, alongside the historic Suez Canal.

The Turkish-flagged vessel, Olympus, set sail from Damietta Port, marking the first of many weekly trips to Italy’s Port of Trieste. Loaded with a substantial shipment of fresh Egyptian vegetables and fruits, the cargo includes top exports such as oranges, potatoes, and grapes. Notably, Egypt holds the distinction of being the world’s largest exporter of oranges and ranks third in potato exports, according to the Food and Agriculture Organization (FAO).

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The journey from Damietta to Trieste takes approximately three days. Upon arrival, refrigerated trucks will transport the produce across land routes, reaching various European consumption and manufacturing hubs. This efficient logistical pipeline is expected to enhance the freshness and competitiveness of Egyptian produce in European markets.

The establishment of this route underscores the robust economic ties between Egypt and European Union member states, particularly Italy. Dr. Ahmed Abu-Youssef, an expert in international trade at Cairo University, remarked, “This project is a testament to Egypt’s growing role as a key player in global logistics. It not only enhances our export capabilities but also strengthens our diplomatic and economic relationships with Europe.”

 

This venture is the culmination of extensive collaboration between various Egyptian ministries and stakeholders, who have worked tirelessly to ensure the project’s success. Efforts have included upgrading crop quality to meet stringent European standards, highlighting Egypt’s commitment to excellence in its agricultural exports.

In a conversation with Middle East Observer, an anonymous source from the Ministry of Trade revealed plans to expand this initiative by introducing additional routes to other European ports. This expansion aims to increase the volume of agricultural exports by 20% over the next two years, tapping into new markets and further solidifying Egypt’s presence in global trade.

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