Panalpina Egypt relocates HQ to Cairo Cargo City
Panalpina Egypt has moved its country head office to the newly developed Cairo Cargo City at Cairo International airport.
The logistics giant has also moved all of its Cairo operations to the new national air freight hub.
“Being in the heart of action and close to the government’s business related entities, such as the import and export authorities and the cargo terminals, will enable the team to serve our local and international customers better,” said Fouad A. AbouElela, country head of sales and marketing.
“Likewise, this will benefit our customers as the proximity to the cargo handling and customs clearance will make our day to day airfreight operations more agile,” he added.
Cairo International airport is the busiest in Egypt and serves as the primary hub for several airlines. The airport handled 290,000 tons of cargo last year.
Cairo Cargo City was built to provide state of the art facilities to support growth in this cargo traffic through the airport. It is 150,000sq m and includes three main terminals – export, import and express terminals.
The facility can now accommodate more cargo traffic than the entire capacity of Cairo Airport.
The export terminal includes a general cargo zone and a perishable centre with a total capacity of 240,000 tons/annum, while the import terminal operates over an area of 12,837sq m with a general cargo zone and perishable centre that can handle a total tonnage of 90,000 tons/annum.
Panalpina said in a statement that the Egyptian freight forwarding industry is fragmented, presenting opportunities for growth through consolidation.
The acquisition of Afifi was the latest milestone in the company’s strategic expansion.
The forwarder sees the greatest growth in Egypt in the oil and gas, capital projects, telecom, automotive and healthcare sectors.