{"id":675265,"date":"2025-11-11T00:00:00","date_gmt":"2025-11-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/11\/a-global-grain-hub-rising-in-port-said\/"},"modified":"2025-11-11T00:00:00","modified_gmt":"2025-11-11T00:00:00","slug":"a-global-grain-hub-rising-in-port-said","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/11\/a-global-grain-hub-rising-in-port-said\/","title":{"rendered":"A global grain hub rising in Port Said?"},"content":{"rendered":"

Good morning, friends<\/strong>, and happy hump day. <\/strong>In today\u2019s issue we dive into October\u2019s inflation reading, which saw the headline figure accelerate for the first time in months, the many agreements inked during the second day of TransMEA, and Warren Buffett's last annual report. <\/p>\n

PSA- <\/p>\n

WEATHER- <\/strong>It\u2019s another cool day in Cairo, with the capital in for a high of 27\u00b0C and a low of 18\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s a little cooler in Alexandria<\/strong>, which is in for a high of 26\u00b0C and a low of 17\u00b0C.<\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- A global grain hub rising in Port Said? <\/strong>Egypt is mulling plans to establish a logistics center for grain storage and distribution in East Port Said \u2014 part of the government\u2019s plans to enhance strategic commodity infrastructure and secure food supplies by improving supply and distribution chains, according to a statement<\/a>. Plans also include expanding into food processing and integrating Egypt\u2019s grain networks with Arab and African markets.<\/p>\n

East Port Said is silo central:<\/strong> Elsewedy Electric subsidiary Rowad Modern Engineering indicated<\/a> that it is building a grain silo project in East Port Said. In addition, the Egyptian arm of Polish grain silo company Feerum was in talks with Banque Misr and Banque du Caire earlier this year<\/a> to help finance its planned EGP 2.5 bn silo factory in East Port Said.<\/p>\n

Egypt has long hinted at a bigger integrated grain hub: <\/strong>Planning and International Cooperation Minister Rania Al Mashat touted the Suez Canal Economic Zone earlier this year<\/a> as a potential hub for Ukrainian grain storage and re-export to Africa. Egyptian officials also met with a Belarusian delegation last year<\/a> and proposed establishing a logistics center for grain import. <\/p>\n

\n

\n

<\/a> #2- Housing Minister pitches a real estate fund for Gulf investors:<\/strong> Housing Minister Sherif El Sherbiny proposed<\/a> launching an investment fund offering a portfolio of premium land plots and housing units in Egypt to Gulf investors yesterday during the Egypt-Gulf Trade and Investment Forum. <\/p>\n

DATA POINT-<\/strong> Gulf investment in Egypt has surged in recent years, with trade between Egypt and GCC countries rising to USD 14 bn in 2024, up from USD 9 bn in 2020, Investment Minister Hassan El Khatib said<\/a> during the forum. Total Gulf FDI inflows climbed to USD 41 bn in the fiscal year 2023-2024, representing the largest share of Egypt\u2019s foreign direct investment, El Khatib added.<\/p>\n

REMEMBER- We have two mega Gulf projects in the works<\/strong>, with Qatai Diar signing<\/a> an agreement with the Madbouly government last week to set up a USD 29.7 bn integrated urban development along the Mediterranean in Alam El Roum and the Emirati ADQ setting up a USD 35 bn project in Ras El Hekma. <\/p>\n

\n

\n

<\/a> #3- Assembling Xiaomi EVs locally?<\/strong> Al Safi Group \u2014 Xiaomi\u2019s local distributor \u2014 plans to allocate part of its new industrial complex in Ain Sokhna to assemble Xiaomi electric vehicles, with the first models expected to roll out by the end of 2027, General Manager at one of Al Safy\u2019s factories Eslam Adel told EnterpriseAM at the sidelines of TransMEA yesterday. <\/p>\n

\n

\n

Have you checked out EnterpriseAM MENA <> India? It's our newest briefing tracking one of the world's most dynamic trade, investment, and cultural corridors. Every Monday, Wednesday, and Friday, we'll track the transactions, trends, and market moves connecting these two dynamic regions. The flow of capital, talent, and trade between MENA and the Indian subcontinent is one of the most important economic stories in the world \u2014 and we\u2019re telling as only we can.<\/p>\n

If you\u2019re investing, trading, or scouting for your next big move in MENA or India, subscribe to EnterpriseAM MENA <> India by tapping here<\/a><\/strong> to get the strategic intelligence you need.<\/p>\n

<\/a> <\/p>\n

\n

\n

HAPPENING TODAY- <\/p>\n

#1- It\u2019s the last day of the parliamentary elections\u2019 first round of voting.<\/strong> Results will be announced on 18 November, followed by runoff elections, whose results will come out on 11 December.<\/p>\n

#2- Transport and logistics exhibition <\/strong>TransMEA<\/a><\/strong> is well underway<\/strong> at the Egypt <\/strong>International Exhibition Center.<\/strong> The exhibition, organized with the Transport Ministry, wraps up today after bringing together 500 global and regional players from 30 countries to showcase innovations in mobility, logistics, and smart infrastructure.<\/p>\n

^^ We have the details of what went down during day two of the event in the news well, below.<\/p>\n

#3- It\u2019s the second and final day of the Egypt-Gulf Cooperation Council Trade and Investment Forum.<\/strong> The two-day forum in Cairo \u2014 held under the theme A Roadmap to Strengthening Egyptian-Gulf Economic Cooperation \u2014 features panel discussions, B2B meetings, and B2G sessions.<\/p>\n

FROM THE DEBT MARKETS- <\/p>\n

<\/a> CBE is holding a USD t-bill auction today: <\/strong>The Central Bank of Egypt (CBE) will auction USD 1.5 bn in USD-denominated, one-year t-bills today, according to its website<\/a>. The auction will mark the first USD-denominated t-bill auction for the current fiscal year and comes as similar bills taken to market this time last year<\/a> mature.<\/p>\n

SUKUK WATCH- <\/p>\n

Weekly sukuk roundup:<\/strong> The yield to maturity on our sovereign sukuk maturing in February 2026 dipped slightly to 6.61% last Friday, down from 6.64% the week before, according to the Egyptian Financial Company for Sovereign Taskeek\u2019s weekly report (pdf)<\/a>. Egyptian sovereign sukuk prices inched down to USD 101.24, compared to USD 101.31 a week earlier.<\/p>\n

\n
\n
\n
\n

Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n

CIRCLE YOUR CALENDAR- <\/p>\n

Egypt\u2019s Entrepreneur Awards<\/a><\/strong> will take place on 21 November at the Grand <\/strong>Egyptian Museum. <\/strong>The event will celebrate leading entrepreneurs across several sectors, with a guestlist that includes ministers, business leaders, and regional innovators. <\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n

\n

\n

** DID YOU KNOW that we cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

\n

THE BIG STORY ABROAD-<\/p>\n

The US Senate approved a funding measure to reopen the federal government<\/strong>, a major step towards ending the longest shutdown on record. The bipartisan bill \u2014 passed 60-40 \u2014 includes three full-year funding measures for parts of the government, as well as stopgap funding for the rest until 30 January. The date potentially sets the stage for another shutdown next year if negotiations fall through on key issues like the Affordable Care Act.<\/p>\n

The measure will now head to the House<\/strong>, where it\u2019s poised to pass as soon as Wednesday, then land on President Trump\u2019s desk to be signed into law. (Washington Post<\/a> | Reuters<\/a> | CNN<\/a>)<\/p>\n

ALSO IN WASHINGTON, DC- <\/strong>Ahmed Al Sharaa became the first Syrian President ever to visit Washington, DC, after he met with US President Trump yesterday at the White House. The landmark talks saw Trump vow to help Syria\u2019s economy after years of war and international isolation, while the Treasury department extended its waiver of the so-called Caesar sanctions by 180 days. A full removal of sanctions on Syria would need to be passed in the Congress. (Reuters<\/a> | Semafor<\/a>)<\/p>\n

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