In a press statement, El Samadouni emphasized that building a national commercial fleet requires a robust supporting infrastructure, including the development and establishment of specialized naval shipyards for the construction and maintenance of commercial vessels. He noted that for several years, President Abdel Fattah El-Sisi has directed efforts to develop maritime transport and ports to maximize economic, investment, and commercial returns in line with Egypt's national security.
According to El Samadouni, this initiative aligns with
Egypt's strategy to boost inter-regional trade with global blocs, leveraging
the country's free trade agreements and its strategic geographic location.
Egypt aims to add 31 new ships to its fleet by 2030 to enhance cargo capacity
and keep pace with technological advancements, ultimately positioning the
country as a global hub for trade and logistics.
El Samadouni concluded that creating a modern Egyptian commercial fleet will play a crucial role in global trade, capitalizing on Egypt's geographic and logistical advantages. He described the move as a major step that will help consolidate economic power and expertise, enabling Egypt to build a competitive fleet capable of handling the nation's foreign trade.