Egypt, Italy to build 15 vertical wheat silos worth EGP 250 mn

The Internal Trade Development Authority reached an agreement with the Italian Development Authority to cooperate on building 15 vertical wheat silos at a total cost of EGP 250 mn, according to an emailed statement (pdf). Under the agreement, Egyptian companies will be tapped to construct the silos, while Italian companies will be mandated with carrying out the electromechanical works. Italy previous built ten wheat silos in Egypt at a total cost of EGP 128 mn.