Dubai-based DP World has announced plans to invest $29 million (EGP 1.42 billion) to establish a cold storage facility in Egypt, responding to the rising demand for advanced logistics infrastructure in the country.
The investment comes after the company acquired land in Elsewedy Industrial Development Park, located within Al Oula Industrial City.
According to DP World, the move is being driven by increasing demand for energy-efficient storage solutions, particularly in sectors such as agricultural exports and frozen food production.
Spanning more than 16,000 square metres, the facility will feature eight independently controlled chambers, offering a total capacity of 25,000 pallet positions. It will cater to chilled and frozen goods, including fruits, vegetables, dairy products, and processed frozen foods.
Mohammad Shihab, CEO of DP World Egypt and executive vice president for North Africa, highlighted that the new facility will bolster the country’s logistics sector.
Strategically located, the site provides direct access to Greater Cairo, national highways, and key export corridors.
DP World added that the project will enhance Egypt’s cold chain capabilities, safeguard food quality, reduce waste, and enable exporters and manufacturers to compete more effectively in international markets.
This initiative is part of a wider trend of Emirati-backed projects in Egypt. Earlier this year, DP World reported completing nearly two-thirds of the first phase of an $80 million logistics hub in the Suez Canal Economic Zone.
Additionally, Abu Dhabi’s sovereign wealth fund ADQ announced plans in February 2024 to invest $35 billion in developing the “largest new city” in Egypt, aimed at boosting the country’s economic growth.
