{"id":81393,"date":"2024-10-02T00:00:00","date_gmt":"2024-10-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/02\/egypt-is-reportedly-getting-a-new-usd-153-mn-grain-storage-complex\/"},"modified":"2024-10-02T00:00:00","modified_gmt":"2024-10-02T00:00:00","slug":"egypt-is-reportedly-getting-a-new-usd-153-mn-grain-storage-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/02\/egypt-is-reportedly-getting-a-new-usd-153-mn-grain-storage-complex\/","title":{"rendered":"Egypt is reportedly getting a new USD 153 mn grain storage complex"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A boost for Egypt\u2019s grain storage: <\/strong>Egypt\u2019s Suez Canal Economic Zone (SCZone) and the Egyptian Holding Company for Silos and Storage are reportedly developing a grain complex for the handling, processing, and storage of grains, with initial investments of USD 153 mn earmarked for the first and second phases, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af%d9%8a%d8%a9-%d9%82%d9%86%d8%a7%d8%a9-%d8%a7%d9%84%d8%b3%d9%88%d9%8a%d8%b3-%d9%88%d8%a7%d9%84%d9%82%d8%a7%d8%a8%d8%b6%d8%a9-%d9%84%d9%84%d8%b5\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing sources it says have knowledge of the matter. Construction is slated for completion within two and a half years once a local or strategic foreign investor is secured.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The first phase will cost USD 75 mn, while the second will come at a price tag of USD 78 mn, according to the Egyptian Holding Company\u2019s preliminary plan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The facility will store up to 6 mn tons of grain annually: <\/strong>The SCZone allocated 1 mn square meters for the new grain complex, with 385k sqm in a port area, which will house 20 silos capable of storing 4 to 6 mn tons of grain annually. A 650k sqm logistics zone will also process 648k tons of wheat flour and 252k tons of bran annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>apping into Egypt\u2019s export potential:<\/strong> The new complex will primarily target East Africa and the Gulf \u2014 55 mn tons of grain pass through the Suez Canal annually.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The facility will store up to 6 mn tons of grain annually<\/p>\n","protected":false},"author":1,"featured_media":81394,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[221],"tags":[49,207,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-storage-warehouses","tag-egypt","tag-storage-warehouses","tag-trade","wpautop","entry"],"acf":{"mongo_id":"7b5f262c-1eab-48c1-a9da-871194810b28","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/131.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt is reportedly getting a new USD 153 mn grain storage complex","related_issue":[81383],"teaser":"The facility will store up to 6 mn tons of grain annually","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.d18e08c2-378e-4444-bf4c-0f34ee995ba1.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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