The center features the largest automated sorting machine, with an investment of five million dollars. It can sort 11,000 shipments per hour and 250,000 shipments daily. The company aims to deliver around 80 million shipments by 2026.
The inauguration was attended by Mohamed Ezzat, founder and
CEO of Bosta; Ken Allen, former president of DHL; Hossam Heiba, former head of
the General Authority for Investment and Free Zones; and a group of
entrepreneurs and representatives from the startup community.
Al-Mashat congratulated Bosta officials
on the expansion, noting that it reflects the continuous growth of Egypt’s
logistics and e-commerce sector. She highlighted the Egyptian market’s ability
to develop and grow, given its large size and population, and praised Egyptian
entrepreneurs for leveraging technology and innovation to enhance the services
offered to the market.
The minister affirmed the government’s commitment to
providing all necessary incentives and facilitation measures to support the
growth of startups and entrepreneurs. She noted the significant efforts made
over the past year through the Ministerial Group for Entrepreneurship, with
active participation from various stakeholders in the startup sector. These
efforts have resulted in numerous incentives and facilitation measures, which
will be announced soon.
Dr. Al-Mashat added that the sector also benefits from
collaboration among Egyptian startups, citing the partnership between Simplex,
a machinery manufacturing company, and Bosta. She said this reflects
integration within the startup community and underscores the competitiveness of
the Egyptian market.
She also mentioned her participation in the World Economic
Forum in Davos and the global discussions on the importance of technology and
artificial intelligence. She emphasized that the growth of startups and their
ability to utilize modern technology to develop their businesses will
contribute directly to the sector’s growth.
She continued, “Entrepreneurship and innovation have become
a fundamental pillar for any economy seeking to escape the middle-income trap,
as noted in the World Bank report. Innovation and the use of modern technology
are critical to increasing growth, employment, and productivity.”
Dr. Al-Mashat also highlighted the launch of the National
Narrative for Inclusive Development, which provides a roadmap for the Egyptian
economy until 2030 and ensures coordination among various strategies. She
stressed that entrepreneurship and innovation are key components of this
national narrative, and that every advancement in the startup ecosystem
contributes to higher growth rates and enhances the competitiveness of the
Egyptian market.