Sunday, October 5, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Economy

Egypt Plans New Trade Corridor to Boost Commerce with Libya

November 27, 2024
Egypt Plans New Trade Corridor to Boost Commerce with Libya
Share on FacebookShare on Twitter

Egypt’s Ministry of Transport announced progress in planning seven integrated logistics corridors to connect industrial, agricultural, and mining production zones with seaports and main road networks.

Among these initiatives, the Gargoub-Salloum logistics corridor is set to enhance trade between Egypt and Libya. Starting at Gargoub Port on the Mediterranean coast, the corridor will connect to Salloum Land Port, Egypt’s largest land port, linking Egypt’s western region with Libya’s eastern border.

The corridor will include a logistics zone east of Salloum, supported by a 223-kilometre Gargoub-Salloum railway line to streamline transport and trade, according to Egypt Today newspaper.

This project is part of Egypt’s Sustainable Development Plan 2030, which aims to boost regional trade and economic integration.

Recent data from Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) showed a 42% increase in trade between Egypt and Libya in 2024, reaching $1.7 billion compared to $1.2 billion the previous year. Egyptian imports from Libya in 2023 amounted to $61.7 million.

The new corridor is expected to further strengthen economic ties and facilitate the exchange of goods between the two neighbouring countries.

Tags: economyEgyptlibyaTrade
Next Post
UN Calls for Unified Budget & Institutional Reforms in Libya

UN Calls for Unified Budget & Institutional Reforms in Libya

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya Policy Brings Turkey & Italy Closer to Washington

Libya Ranked Among World’s Slowest Countries for Internet Speed

Libya Tightens Health Rules For Incoming Foreign Workers

Libya’s Finance Ministry to Mobilise Funds for UNDP Projects

Inter Milan to Face Atlético Madrid in Libya’s Benghazi

Iran Seeks to Boost Economic Ties with Libya

EDITOR PICKS

Libya’s Parliament Condemns Israeli Blockade on Gaza

Fly OYA Launches First Direct Flight from Zintan to Benghazi

Iran Seeks to Boost Economic Ties with Libya

38 Wells Completed in Libya as Waha Oil Boosts Production Efficiency

Hannibal Gaddafi Opposes Any Political Interference in His Case

Libya Policy Brings Turkey & Italy Closer to Washington

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR