EgyptAir has signed a partnership agreement with the United Arab Emirates’ KMK Investment and its strategic partner, Safe Ports Holding, which specializes in securing airports and seaports, to establish a logistics village at Cairo International Airport.
Under the new agreement, KMK will finance, design and build a logistics village at the airport, as well as operate and supervise EgyptAir’s cargo, export and other projects in cooperation with Safe Ports Holdings.
The agreement was signed by Ahmed Adel, EgyptAir Holding Company’s Chairman of the Board of Directors, Omar Khedr, CEO of KMK, as well as the regional manager of Safe Port Holdings in the Middle East and North Africa, Chairman of the Board of Directors of KMK Investments, and the president of Egypt Air Cargo Company Bassem Gohar.
The project will contribute to improving the efficiency of Cairo International Airport, as well as its absorptive capacity, Adel said. It aims to enable the airport to keep abreast of the increase in the volume of goods, and facilitate its flow to and from Cairo Airport.
Safe Ports’ security role will contribute to the smooth flow of trucks, he added.
Khedr expressed his happiness at signing the agreement, saying that it represented “the continuation of the joint and fruitful cooperation between Egypt and the UAE, in different fields”.
Photo credit to Reuters.