Emco Logistics is set to invest in several areas, notably the energy sector, especially environmentally friendly and gas projects, in the coming period, with the expansion of the establishment of new cities, including the New Administrative Capital.
Mohamed Hamouda, the company’s operations manager, said that they are involved in the construction of the wind power project in the Gulf of Suez with a capacity of 250 MW.
In an interview with Daily News Egypt, Hamouda said that the company participated in energy projects in the past two years, through operations in shipping, unloading, storage, transport, and customs clearance.
He explained that these projects include the Gamesa KFW 120 MW wind farms and Siemens Borollos power plant, which is Siemens’ largest power plant, in addition to the FIEM 220 MW and Iljin Electric plants’ renovation.
Hamouda pointed out that the company plans in the coming period to expand the purchase of transport equipment used in ports, especially energy, pointing out that the company buys equipment from European countries, and plans to buy equipment every two years. The company sometimes creates an emergency plan if a specific opportunity requires the purchase of new equipment.
He explained that the Egyptian market enjoys several advantages, including the country’s geographical location, in addition to the Suez Canal, the presence of ports covering the Egyptian border, and expansions in the road network, which helps to attract more investments, pointing out that the Egyptian market has become economically stable.
Hamouda noted that the company has been participating in the Breakbulk Europe exhibition since 2009, adding that the participation allows Egyptian companies to strengthen relations with former customers, and learn about the external market, and is an opportunity to contract with new customers.
He added that the company is one of the oldest companies participating in the exhibition annually, pointing out that there is a significant increase in the participation of Egyptian companies in the exhibition, from five to seven companies.
He pointed out that the company operates in transport, customs clearance, and shipping and seeks to contract in the field of electronics and chemicals during the coming period.
Hamouda believes that the economic reform plan followed by the state is a well-thought-out plan, which is expected to succeed, according to the economic situation that Egypt has reached now. He pointed out that the economic plans are reflected in the company’s activities, by increasing their prices, which affects clients, but he said that they understand the economic situation.
He pointed out that one of the most prominent obstacles facing transport workers is the lack of stability of the small prices applied to the transport of goods, which began to rise two years ago, which affects the customer due to fluctuating prices.
Hamouda explained that the development of the Suez Canal Economic Zone (SCZone) is a great opportunity to invest in the region. The company seeks to participate in projects related to the logistics areas in the region, including storage areas, purchase of logistics equipment, display of storage areas in the region, and all shipping services.
He noted that the company’s navigation consultancy office is among the specialised offices in the procedures of transiting the canal. It facilitates passage of 150 ships.