What is happening on Egypt’s western borders, and how will Egypt open international arteries for cross-border trade, and what is the story of the giant project that is taking place now between Egypt, Chad, and Libya, and how will it change the shape of Egyptian trade and economy? Stay with us until the end and you will find out the details in this report.
In the economy of any country, neighboring countries have priority in economic cooperation, development and trade for many reasons, the first of which is their geographical proximity, proximity to markets, low transportation costs, speed and arrival of goods and products, and strengthening economic cooperation, which increases the ties of the neighboring country and enhances national security at the same time, and for this reason it is found in most regions of the world. Economic blocs and cooperation between neighboring countries, such as the ASEAN group and the European Union, cooperation between America, Mexico, Canada, COMESA in Africa, and so on, are formed for the same reasons.
So, what did Egypt do to strengthen its relationship with neighboring countries and benefit economically?
The truth is that although most of Egypt’s neighbors have very big conflicts and problems, Egypt has not severed the cords of economic cooperation with it. On the contrary, Egypt was the food and commercial outlet for these countries, and now Egypt is implementing huge reconstruction projects in Libya, for example, and is rehabilitating the Libyan economy through Egyptian companies, and at the same time the Egyptian government is taking over Special attention is given to trade cooperation with other neighboring countries, and currently there is a huge project between them between Egypt, Chad and Libya, which will turn the balance of trade between the three countries.
But what is the story of this project?
Look, sir, from the hours of the Arab Contractors Company, Egypt’s giant in construction and building, and has signed a cooperation protocol to study and implement a road project linking Chad to Egypt via Libya, to improve connectivity and cross-border exchange, and an important step to enhance regional connectivity between Egypt and Chad, and to maximize the volume of investments in giant infrastructure projects.
The protocol includes completing the detailed technical studies necessary to begin implementing this road as part of a broader initiative to develop infrastructure and enhance cross-border exchange. By the way, the Arab Contractors Company had previously signed an agreement with the same content with the Libya Development and Reconstruction Fund for the part of the middle road located within the scope of the State of Libya. Road construction contracts and agreements have been completed for all parts within the scope of the states of Chad and Libya, allowing the immediate start of study and implementation work.
Egypt will benefit from the project greatly and directly. The first is that it will ensure the access of its products to the markets of these countries and neighboring countries as well. At the same time, increasing the pumping of Egyptian products will require expanding the Egyptian industrial base. These products will also be exported in dollars, meaning they will bring hard currency to the country. The road will also facilitate the transfer of equipment to Egyptian companies that You can work in Chad, Libya and the countries next to them as well.
