Cairo – Mubasher: The Egyptian Transport and Commercial Services Co (Egytrans) won a tender launched by the Holding Company for Maritime and Land Transport as part of the Gosour project which aims to promote trade in Africa.

Under the deal, Egytrans will conduct technical studies and market research to choose the right locations for building warehouses in Middle and East Africa in partnership with B2B, according to a bourse disclosure on Wednesday.

It is noteworthy to mention that during the first quarter of 2020, Egytrans reported net profits of EGP 3.68 million, down from EGP 17.55 million in Q1-19, according to initial results.