E-commerce giant Amazon is sending a delegation to Egypt to negotiate the possibility of setting up shop here, delivering products quicker and exporting Egyptian products to the world.
A delegation from e-commerce giant Amazon is set to arrive in Cairo within 2-3 weeks to discuss the procedures needed to establish a logistics centre in Egypt, meaning Amazon’s products will be available for Egyptians in a much easier way, but more importantly this means that Amazon will start exporting Egyptian products to markets across the world.
Several Egyptian companies have been negotiating deals with Amazon, and according to Hani Cassis, former chairperson of the Egyptian-American Business Council, negotiations have been going on for a while and are now pretty far along.
Amazon’s delegation will meet a lot of Egyptian companies who have expressed interest in dealing with them while they are here, as well as several government officials such as the head of the General Authority for Investment and Free Zones (GAFI), Mohamed Khodeir.
Cassis told Daily News Egypt that Amazon has expressed interest in contracting with three Egyptian exporters in various industries to distribute their products in the American and European markets, as long as they match the standards.
Cassis predicts that should this deal go through, Egyptian exports through Amazon will amount to $1 bn in its first stage, which would (needless to say) be great for Egypt’s economy.