Egypt seeks to build $145.6mln wheat silos in 2024
Egypt is planning to establish six wheat silos within 2024, with investments of $145.6 million, Al Arabiya Business reported, citing sources at the Parliament.
The move aims to shore up the country’s storage capacity of wheat silos by 420,000 tons to reach a total capacity of 4.620 million tons, the sources noted.
The storage capacity of the yet-to-be-built silos will represent about 10% of the country’s current total capacity, they added.
The French Development Agency (AFD) will finance the project with $61.5 million, with the country to provide the remaining sum of $84.1 million, they highlighted.
The sources pointed out that the government is targeting to increase the storage capacity of state-owned wheat silos by at least 2.5 to 3 million tons within three to four years to reach a capacity ranging between 6.4 and 7 million tons.
Read also
Missed BLACK SEA GRAIN? Get Full Access to Conference Insights!
Argentine soybeans may be banned in the EU due to GM
Ukraine forecasts 60.4 mln tons of grain production
Egypt plans to achieve 70% wheat self-sufficiency by 2030 thanks to EU support
Ukrainian farmers have sown over 60% of spring grain areas
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon