Bolloré seeks to develop transit mechanisms in the Suez Canal, according to Emmanual Masson, the Project and New Business Lines director at French company Bolloré Transport and Logistics.
Masson said African markets seek the mechanics of land, sea and air transportation and Bolloré is ready to serve every country through new mechanisms.
During his participation in the Egypt International Forum for Logistics Services, Masson said transport and logistics provide great opportunities to ration chains services providers.
Masson noted that Africa is similar to China in growth and population; growth in Africa is higher than any other country or continent, and there is huge manpower available in the continent.
“The internal trade between the continent’s countries from the North, South, East and West, refers to an improvement in business sectors inside the continent,” said Masson.
“Africa is tomorrow’s China as it witnesses improvement in the sectors of business, commercial, foreign direct investments and internal trade, which will reflect on Egypt as it is the gateway of Africa and Europe.”
Masson expects to see significant industrial growth in Africa, as in China, during the coming years.
Masson pointed out that the population of Africa reached 1.1 billion people, and is expected to increase to 3 billion people by the year 2053.
He added that Bolloré’s plan is to expand in Africa, as transferring goods from Egypt to any country in Africa requires various transport routes, the best shipping lines and the best ways to save time and money.
Masson said the company is the second best logistics service provider in Europe and the first in Africa. The company is responsible for the management of container stores in many ports.