The license allows TCI to import and hold goods in its own name as the custodian (not the owner) until final customs clearance or re-exportation to other countries. This is expected to accelerate the circulation cycle and reduce shipping time.
The measure is a significant step toward attracting foreign
exporters to use Egyptian ports as distribution and re-export centers for
regional and global markets. This leverages the strategic location and
integrated infrastructure of SCZone ports, potentially attracting large volumes
of cargo that previously bypassed Egypt.
Walid Gamal El-Din, Chairman of the SCZone, emphasized that
granting this first license to TCI is a crucial development in logistics
services at SCZone ports.
He stated that this license opens new horizons for investors and global shipping companies to use SCZone ports as a hub for consolidating and re-exporting goods. He added that the development reflects the successful cooperation between the SCZone and the Customs Authority in activating a modern, internationally aligned warehousing and handling system. The SCZone continues its efforts to provide incentives and enhance the status of its ports as pivotal centers on global trade routes.