January 26, 2016

26/01/2016: Egypt and Russia to form alliance for silos and grain storage

Willing to invest? Then toot and come in! More and more foreign companies are moving into the Land of the Pharaohs (Image: David Evers)
Egyptian Minister of Supply and Internal Supply Khaled Hanafy met with head of the Russian trade union to discuss the possibility of forming an alliance to build silos and grain storage units in the Damietta logistics centre, the Daily News Egypt reports.

In October 2014, Mr Hanafy announced three logistics centres that will be constructed in Damietta, East Port Said, and Safaga, with investments of EG£13bn. The project, which seeks to handle and store grain and food commodities, is expected to be completed in two years.

Read the full article HERE.

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