Al- Ghurair UAE to InvestUS$6 billion in Egypt’s 2 Projects: Minister

Egyptian Supply Minister Khaled Hanafy revealed that the Ministry reached an agreement with Al- Ghurair UAE Group to implement logistic centre and Global trade city projects with investments up US$6 billion.

The Global logistic centre for grains in Damietta aims to convert into Global Logistic centre for the storage of grains with trading volume up to about 65 million tons per year, so as to contribute to the achievement of food security for Egypt and the region, Hanafy added.

The Trade  centre that will build near Suez Canal Axis on an area of 4.2 million and it will increase to 16 meters with investments up EGP40 billion, this city will provide 500.000 job vacancies, Hanafy noted.