Egypt opens regional centre for grain trading technology
The centre is one of several projects funded by a $300mln UAE grant
Cairo – Mubasher: Egypt has inaugurated the regional centre for grain trading technology in Birqash, implemented by the state-run General Company for Silos and Storage.
The centre is one of several projects funded by a $300 million UAE grant allocated for building 25 wheat silos, the Minister of International Cooperation, Rania El-Mashat, said in a statement on Monday.
The supply sector in Egypt has received a total funding of $129 million from several development partners such as the Saudi Fund for Development (SFD) and OPEC Fund for International Development, in addition to UAE grants and funds provided under the Egyptian-Italian debt swap programme.
The Minister of Supply and Internal Trade, Ali El-Moselhy, said that the country’s strategic reserve of wheat is sufficient for 4.7 months, noting that the storage capacity of wheat has been more than doubled to 3.4 million tonnes from 1.6 million.
Read also
India may increase lentil imports to 1.6 mln tons in MY 2026/27
Germany buys half of Ukraine’s rapeseed exports
Ukraine’s grain stocks at the beginning of September were 10.1 mln tons higher tha...
Shipping on the Sulina Canal suspended due to bad weather
Wheat stocks tighten among major importers in Asia, the Middle East and Africa
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon