{"id":579296,"date":"2023-02-01T04:15:29","date_gmt":"2023-02-01T04:15:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/gasc-launches-its-second-intl-wheat-tender-this-month\/"},"modified":"2023-02-01T04:15:29","modified_gmt":"2023-02-01T04:15:29","slug":"gasc-launches-its-second-intl-wheat-tender-this-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/gasc-launches-its-second-intl-wheat-tender-this-month\/","title":{"rendered":"GASC launches its second int\u2019l wheat tender this month"},"content":{"rendered":"

COMMODITIES-<\/strong><\/p>\n

A second World-Bank backed wheat buy: <\/strong>State grain buyer GASC has launched an international tender for 30-60k tons of wheat for delivery in late February or March, according to its website<\/a>. Traders need to submit their bids directly to GASC by midday tomorrow. This is GASC\u2019s second grain tender this month<\/a>, breaking a hiatus after high prices and a lack of offers on the back of the war in Ukraine largely forced the authority to switch to direct purchases last year. It\u2019s also the second tender to be financed by the USD 500 mn food security loan<\/a> the World Bank agreed to extend the country last summer.<\/p>\n

CONSTRUCTION-<\/strong><\/p>\n

More makeovers in central Cairo?<\/strong> Parts of the Nile Corniche, the area surrounding Ramses Square, and the area between Giza\u2019s new Bashteel train station, the July 26 axis, and west Cairo\u2019s monorail have been signed off for \u201creplanning\u201d by the Supreme Council for Planning and Urban Development, according to a cabinet statement<\/a>. The decision comes to bring \u201coptimal utilization for state-owned land in the areas,\u201d the statement said. The Supreme Council is headed by Prime Minister Moustafa Madbouly and includes a number of cabinet ministers and planning authority heads.<\/p>\n

Movement on Mogamma + ex-interior ministry redevelopment: <\/strong>The state planning body also gave its official sign-off on the Sovereign Fund of Egypt\u2019s (SFE) request to turn the government\u2019s Mogamma complex in Downtown\u2019s Tahrir Square into a hotel, and to convert the former building of the nearby interior ministry into a mixed-use service complex.<\/p>\n

REFRESHER- <\/strong>The approval comes more than a year after a consortium of US-based Global Ventures, Oxford Capital, and the UAE\u2019s Al Otaiba Investment were awarded the EGP 3.5 bn contract<\/a>to revamp the Mogamma\u2019 into a hotel. The consortium plans to finalize construction by 2024<\/a>.<\/p>\n

MANUFACTURING-<\/strong><\/p>\n

Baking raw materials<\/strong> supplier <\/strong>Bakeland Egypt<\/a><\/strong> plans to invest EGP 700 mn<\/strong> to build a new factory which it plans to open in the next three years, according to Al Borsa<\/a>.<\/p>\n

TRANSPORT -<\/strong><\/p>\n

Transmashholding to build railway car maintenance workshop here: <\/strong>Russian locomotive manufacturer Transmashholding will build a rail carriage maintenance workshop in Cairo\u2019s Abu Zabal industrial district, under a contract it signed with the National Railways Authority, the Transport Ministry said<\/a> yesterday. The workshop is a first step for the company\u2019s plans to build a factory that would localize the manufacture of spare parts, the statement read.<\/p>\n

REFRESHER- <\/strong>Transmashholding is providing technical support and spare parts<\/a> for the 1.3k rail cars it is delivering to Egypt under a separate 12-year contract, which will see the company train Egyptian engineers on maintenance and locally manufacture spare parts. The company is supplying 1.3k railcars<\/a> to Egypt under a EGP 22 bn contract signed in 2018. The ministry said 725 have been delivered so far.<\/p>\n","protected":false},"excerpt":{"rendered":"

COMMODITIES- A second World-Bank backed wheat buy: State grain buyer GASC has launched an international tender for 30-60k tons of wheat for delivery in late February or March, according to its website. Traders need to submit their bids directly to GASC by midday tomorrow. This is GASC\u2019s second grain tender this month, breaking a hiatus […]<\/p>\n","protected":false},"author":1,"featured_media":579297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,6574,317,130,72,550,131,2239,6575,3042,207,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-bakeland-egypt","tag-commodities","tag-construction","tag-enterpriseam","tag-gasc","tag-manufacturing","tag-mogamma-el-tahrir","tag-supreme-council-for-planning-and-urban-development","tag-transmashholding","tag-transport","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"a5d6faf6-f6e6-4649-9e15-5ac696acfbd2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/11.jpg","photo_position":"above","related_issue":[579273],"teaser":"","voice_url":""},"yoast_head":"\nGASC launches its second int\u2019l wheat tender this month - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/gasc-launches-its-second-intl-wheat-tender-this-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GASC launches its second int\u2019l wheat tender this month\" \/>\n<meta property=\"og:description\" content=\"COMMODITIES- A second World-Bank backed wheat buy: State grain buyer GASC has launched an international tender for 30-60k tons of wheat for delivery in late February or March, according to its website. 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Bidders rejected GASC\u2019s request to lower their C&F shipping offers to USD 360 per ton\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578635,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/a-fresh-gasc-tender-for-wheat-backed-by-the-world-bank\/","url_meta":{"origin":579296,"position":1},"title":"A fresh GASC tender for wheat, backed by the World Bank","author":"enterpriseam admin","date":"9 January 2023","format":false,"excerpt":"GASC puts out a fresh international wheat tender: State grain buyer GASC has launched an international tender to purchase 30k-60k tons of wheat on a cost and freight basis for February delivery, according to a GASC statement. Traders need to submit their bids directly to GASC by midday tomorrow.Thanks, World\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/114.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623284,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/gasc-to-launch-next-international-wheat-tender-in-two-weeks-time\/","url_meta":{"origin":579296,"position":2},"title":"GASC to launch next international wheat tender in two weeks\u2019 time","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) could be issuing a new wheat tender next month, S&P Global says. Egypt\u2019s current consumption rate will require the country to return to the market soon, despite the Supply Ministry saying earlier this month that strategic reserves are sufficient to cover consumption until\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638015,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/07\/our-biggest-wheat-tender-to-date\/","url_meta":{"origin":579296,"position":3},"title":"Our biggest wheat tender to date","author":"enterpriseam admin","date":"7 August 2024","format":false,"excerpt":"GASC launched a tender for up to 3.8 mn tons of wheat","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/534.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602383,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/gasc-reverts-to-delayed-payment-schedules-for-imported-wheat\/","url_meta":{"origin":579296,"position":4},"title":"GASC reverts to delayed payment schedules for imported wheat","author":"enterpriseam admin","date":"26 March 2019","format":false,"excerpt":"State grain purchaser GASC announced that they would be reverting to a delayed payment schedule on the upcoming wheat tender, fulfilling payments to suppliers within 180 days, a government source and traders told Reuters. GASC had made immediate payment on their January and February tenders this year, but the return\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602846,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/gasc-purchases-114k-tonnes-of-rice-cancels-sugar-tender\/","url_meta":{"origin":579296,"position":5},"title":"GASC purchases 114k tonnes of rice, cancels sugar tender","author":"enterpriseam admin","date":"8 April 2019","format":false,"excerpt":"State grain purchaser GASC has acquired 114k tonnes of chinese rice at a price of USD 405 per tonne, reports Reuters Arabic service. An international tender for the purchase of at least 50k tonnes of sugar was also cancelled due to elevated prices. Meanwhile, the Supply Ministry is expecting local\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=579296"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579296\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/579273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/579297"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579296"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579296"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}