Cairo – Mubasher:Egypt's Internal trade Development Authority(ITDA)signed a memorandum of understanding (MoU) with Orascom Telecom Media and Technology Holding (OTMT) and Aramex to develop five logistic zones at total investments amount to EGP 1 billion.

The five zones are located at five governments namely; Gharbia, Asyut, Beheira, Giza and Port Said, said Minister of Supply Khaled Hanafy.

The move comes in the frame work of a strategic plan aims to develop around 80 logistic zones across different governments, added Hanafy on the sideline of 2015 Euromoney Egypt conference.