Research and Markets has announced the addition of the “Egypt: Transport and Logistics Sector 2010 – 2011” report to their offering. Water is still key to Egypt’s Economic health. During 2010 there was moderate growth in the sector and the start of new initiatives to increase internal trade using the river Nile. Medium and long term prospects remain positive, but growth in 2011 may be muted further, longer term prospects open up with newly signed trade agreements with Mercasur countries, and burgeoning trade with China.

The expression No Trade without Transport is particularly apt when assessing the importance of Egypt’s Transport & Logistics sector to the country’s economy and trade. Indeed, some 90% of the country’s foreign trade passes through its ports. Egypt sits in the heart of world trade routes and astride the Suez Canal, which sees around 15% of global trade traffic. This has made it a hub for international traffic. During FY09/10, three of the sectors four main business segments showed an improvement on the previous fiscal year. Cargo and container handling rose 11% and 10%, respectively, while passenger traffic added 3.5%. Vessel traffic, meanwhile, slid 5%.