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Article: Riding the wave of liberalisation. (Transport)(Egyptian transportation industry competes with foreign investors)(Special Report: Egypt)(Industry Overview)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- October 3, 1997
- Author:
CopyrightCOPYRIGHT 1997 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Egypt's business community is not well served by their country's transport system. Importers face frustrating delays clearing goods through customs, exporters lose their marketing edge because of the deficiencies of the heavily protected public sector shipping agencies, and the internal distribution system is cumbersome and inefficient.
"The transport infrastructure is Egypt's weak point," says Wael Leheta, chairman of Egyptian Transport & Commercial Services Company (Egytrans), the leading integrated private transport venture. Now, thanks to slowly changing government attitudes, Egytrans and other private ventures are being given the opportunity to help change ...