CAIRO: The new Qostul land port between Egypt and Sudan Wednesday will not only open borders with Sudan, but with other African countries as well, said Mounir Fakhry Abdel Nour, the Minister of Trade and Industry, Al Mal reported Wednesday.
“The government will exploit this advantage to deliver Egyptian exports and products to African Countries, while decreasing transportation fees,” he said.
Egypt is set to host a summit in December to discuss the establishment of a free trade zone comprising three commercial entities: the Common Market for Eastern and Southern Africa (COMESA), the Southern African Development Community (SADC) and the East African Community (EAC,) Mubasher reported Aug. 1.
During the inauguration of the Qostul land port, Aswan governor Mustafa Yousri said the port was built on an estimated 60,000 square meters, at a cost of 47 million EGP ($6.57 million,) adding that the port would help in the trade exchange movement between Sudan and Egypt.
He stated that the port would contribute to increasing imports and exports of goods and livestock between the two countries, adding that the minister of transport promised the youth of Abu Simbel city that they would be given priority for vacancies Qostul port.