Amazon is in the process of finalising plans for a logistics centre in Egypt, with a number of companies having applied for the distribution tender.
Hany Kesis, former chairperson of Egyptian-American Business Council, was quoted by the Daily News Egypt as saying that a number of Egyptian companies have begun negotiations with Amazon to distribute its products.
Those negotiations have reached advanced levels, and it is believed that Amazon will soon contact the Egyptian government to establish a logistics centre in the country.
Kesis added that a delegation from Amazon is set to visit Cairo within 2-3 weeks to discuss the procedures and choose the most appropriate location.
Amazon officials will meet a large number of companies interested in dealing with them, as well as a number of government officials, including head of the General Authority for Investment and Free Zones (GAFI), Mohamed Khodeir.
Kesis said that Amazon’s Egyptian DC will be geared toward export to Europe and North America. Amazon will likely work with three Egyptian exporters in several industries to distribute their products in the American and European markets.
Kesis predicts Egyptian exports through Amazon to amount to $1bn in the first phase.
Kesis’ company, Mintra Paper Industries, has already reached an agreement with Amazon to distribute its products to the American and European markets.