The port and logistics group DP World announced the signing of an agreement with Elsewedy Industrial Development. The agreement outlines the construction of a cold storage warehousing facility in Egypt's Al Oula region. The investment cost is estimated at $29 million (approximately 1.4 billion Egyptian pounds).
The infrastructure, spanning 16,194 m² within Elsewedy Industrial Park, will feature eight temperature-controlled chambers. These chambers will offer a total capacity of 25,000 pallet positions. It will specifically store refrigerated and frozen products, including fruits, vegetables, and dairy items.

"This facility represents a major step in strengthening Egypt’s cold chain capabilities and creating new opportunities for trade and industry," commented Mohammad Shihab, General Manager of DP World Egypt.
While the project signifies progress, the challenge remains substantial across Africa. According to the World Bank, available food storage capacities on the continent cover less than 30% of annual production. This structural weakness exacerbates post-harvest losses: nearly 40% of perishable goods and 20% of other food products disappear from supply chains each year.
Nevertheless, prospects remain promising. According to the data platform Grand View Horizon, the African and Middle Eastern cold chain market could reach $131.7 billion by 2030, with an estimated average annual growth rate of 8%.
This article was initially published in French by Henoc Dossa
Adapted in French by Ange Jason Quenum
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Sub-Saharan producers delay crude sales despite available April-loading cargoes. Supply disruptions linked to Strait of Hormuz closure support...
Mali aims to leverage its mining sector to create jobs and foster youth entrepreneurship. More than 31% of young Malians remain outside...
Vedanta plans to split into five entities to reduce debt and unlock value. The group targets a combined valuation of $50 billion versus a...
ECOWAS appoints Lansana Kouyaté to lead talks with AES AU intensifies mediation to prevent regional split, boost cooperation Appointment...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...