Friday, December 12, 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

EU Border Agency Warns Libya Remains Main Hub for Irregular Migration

Africa Intelligence: Libyan Wealth Fund Eyes UK Firm for New Asset-Management Mandate

Libyan Commander Wanees Bukhamada Passes Away

Greece Calls for Unified Libyan Government Through Elections

Libya’s Central Bank Announces 91 Final Licenses for Exchange Companies

Turkey Reaffirms Commitment to Supporting Stability in Libya

EDITOR PICKS

Libya’s Sirte Inaugurates Major Modern Fish Market to Boost Marine Economy

Libya’s Central Bank Announces 91 Final Licenses for Exchange Companies

France Expresses Support for Transparent & Credible Elections in Libya

EU Border Agency Warns Libya Remains Main Hub for Irregular Migration

Turkey Reaffirms Commitment to Supporting Stability in Libya

Africa Intelligence: Libyan Wealth Fund Eyes UK Firm for New Asset-Management Mandate

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

© 2024 LR

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

© 2024 LR