By Mohamed Alaa Eldin
Egypt Post will develop 400 second-class post offices under the organisation’s investment plan for fiscal year (FY) 2014/2015, said Refaat Shebal, vice chairman of Egypt Post’s Board of Directors. He added that Egypt Post has already developed 400 second-class post offices during FY 2013/2014.
In statements to Daily News Egypt, he said post offices are divided into three classes according to profits and services offered, and the number of clients that patronise the office. A total of 400 first-class offices, 400 second class offices, and 3,200 third class offices have been developed.
According to Shebal, the investment plan to develop post offices will be concluded by the end of 2017, and encompass a total of 4,000 offices.
The development process, he said, involves updating technology infrastructure in each office and adding high-speed internet. Shebal added that upgrades will also include creating a developed wing for customers, and bringing in new furniture that will embellish the office and generally update the work environment. He revealed that an agreement has been made with the Arab Organisation for Industrialization to outfit 400 second-class offices with furniture.
Postal services achieved positive results during FY 2013/2014, as express mail witnessed a 40% increase in revenues, and packages 24%, while the Egy Mail service was expanded by 25%.
The Post was able to achieve an increase in accounts at a rate of 24% last year with a simultaneous expansion of depositors’ capital at a rate of 17%. Depositors’ accounts expanded by 5% to EGP 135bn.