A USD 100 mn silos complex built by Denmark’s Cimbria was inaugurated in early May by President Abdel Fattah El Sisi in Luxor, Susan Reidy reports for World-Grain.com. The facility consists of 23 silos with a total storage capacity of 1.38 mn tonnes of wheat. “Geographically, the locations of the 23 plants stretch from the Mediterranean Sea and Suez all the way down to Aswan, in addition to a plant at East Owinate, 600 km west of Aswan,” writes Reidy.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…