The Suez Canal Authority signed a protocol with Agility Logistics Company (ALC) to establish a logistic centre in east Port Said, with investments set to reach USD100mn. The protocol stipulates that ALC will establish a logistics hub in the current expansion of the East Port Said Port, with industrial and logistic infrastructure promoting the import and storage of raw materials, and the export and distribution of cargoes through the Suez Canal axis. ALC will also work on providing international solutions for Egyptian customs, so as to contribute to the rapid circulation of goods, strengthen supply chains and increase the value added. Abdel Kader Darwish, Deputy Chairman of the Suez Canal Economic Authority, added that the first stage of work between the two parties includes the preparation of feasibility studies for the development of a logistics centre and the provision of customs technology services for eight months. The second stage includes the preparation of the detailed plans and the final and master plans of the logistic project, besides providing technical and financial studies of technological services for six months, while the third stage includes the establishment of a joint venture within six months.