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Suez Canal Authority explores food security logistics hub in Port Fuad

Businessmen Team news 13 September 2025 06:29 PM
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Suez Canal Authority explores food security logistics hub in Port Fuad

Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, held an expanded meeting with Imran Ali Khan, Chairman of Canada’s IMGS Group, which specializes in logistics and port services. A high-level delegation from China’s leading agricultural engineering company FAMSUN also attended. The meeting took place at the Guidance Building in Ismailia, in the presence of Vice Chairman Lieutenant General Ashraf Atwa and several board members.

Rabie stressed the Authority’s commitment to maximizing the use of its assets and resources. He highlighted the Canal’s unique geographic location as a key advantage for establishing value-added logistics projects that serve Egypt’s national interests and enhance the Canal’s developmental role.

He explained that the ongoing negotiations involve three parties: the Suez Canal Authority, FAMSUN, and IMGS. Their joint efforts aim to establish a global food logistics hub in Port Fuad.

Rabie noted that the three sides plan to sign a cooperation protocol soon. The agreement will outline roles and responsibilities and finalize technical and financial studies, paving the way for actual implementation in the near future.

Khan expressed his eagerness to cooperate with the Suez Canal Authority. He pointed to the Canal’s central location as a promising opportunity for establishing a logistics hub that supports the sustainability of global food security.

He reaffirmed IMGS’s readiness to share its technical expertise and cooperate with Egypt in food security projects. He described Egypt as a strategic gateway to the Middle East and Africa.

He also underlined that the Suez Canal’s global reputation and strategic location make it a major attraction for international suppliers. The Canal offers both efficient transportation and sustainable food supply chains.

IMGS specializes in cargo handling and port services, including loading, unloading, and freight transport. Meanwhile, FAMSUN is a global leader in agricultural engineering, technology solutions, and agro-industrial manufacturing. The company also has extensive expertise in building strategic storage silos for grains and oils.