July 16, 2012
Egyptian Transport & Commercial Services Co. (EGYTRANS) announced that the vehicle Storage activity in its project in Port Said Free Zones will resume this week.
In a memorandum sent to EGX, the company added that this activity is one of the project’s main objectives, as it is expected to achieve profit EGP 1.5 million at the end of this fiscal year ended in December 31st,2012 and EGP 3.5 million during the coming year.
It is worth mentioning that in 2009, the General Free Zone Investment Authority took a decision to stop all vehicle storage activities in the EGYTRANS Free Zone branch, resulting in losses for the branch during the years 2010 and 2011 and to date.
Source: Al Mal Newspaper