Russian Shipping Company Urges for Egypt To Become Transport Hub

Andrey Severilov, Chairman of the Board of Directors of FESCO, one of Russian largest state shipping companies, told TASS yesterday that Egypt could serve as a major transportation hub for Africa. “We consider Egypt as a basic key partner in the region. It is interesting not only as a state with a dynamically developing economy, but also as a favorable geographical position, which gives it the opportunity to act as a hub for cargo consolidation for subsequent transit to the countries of North and Central Africa,” he explained.