Maryzad, a leading company in the field of solar energy, plans to launch the first logistics center to serve solar energy projects in Egypt and neighboring countries.
Engineer Amr Baybars, Chairman of the Board of Directors of Maryzad Solar Co., and agent of the Chinese company Longi, revealed that the logistics center will be launched in the Suez Canal Economic Zone, with total investments amounting to about 40 million pounds.
He said in press statements that the center will serve Egypt, the countries of Sudan, Saudi Arabia, Lebanon, and then Libya at a later stage because it will contribute to securing the customers’ needs for the solar energy components needed for them.
In addition, it will protect the company and its customers from disruptions or price changes.
Egypt to Build 8 Logistics Zones
He pointed out that during the next year, Maryzad is relying on further expansion in Egypt because it is the company’s mother market and the largest among the countries in the region.
The president of Maryzad Co. revealed that his company is preparing, through the Chinese Longi, to launch new products in the field of solar energy during the year 2024.
Baybars said that his company is studying in the coming period to expand into more foreign markets, especially Arab ones from neighboring countries
Mohamed Zaki, Director of the Marketing Sector at Maryzad Solar Energy Company explained that the number of the company’s distributors increased to more than 20 distributors nationwide by the end of 2023, and the number of its clients reaches more than 400 companies.
Egypt aims to increase the proportion of energies generated from new and renewable sources in the energy mix to 42% by 2030, and to increase the rate of reducing emissions in the electricity generation, transmission and distribution sector.
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