Italy secures $45 million for Grain, Logistics Projects in Egypt

Italy will finance the construction of 10 modern warehousing yards, a silo for wheat and grains, and two logistics areas in 8 governorates in Egypt with US$45 million, Egyptian supply minister Khaled Hanafy announced on Thursday.

The minister’s remarks were made during his meeting with the head of the technical office of Embassy of Italy in Cairo in addition to Italian grain storage expert and other Egyptian officials.

Hanafy affirmed that the Italian side would execute the projects under the debt swap program to construct silos, develop and upgrade warehousing yards in addition to establish logistic areas for cereals, vegetables and fruits to reduce transportation cost in order to be available with affordable prices for citizens.

Moreover, the eight governorates in which the projects would be executed are Al Sharqia, Damietta, Red Sea, Ismailia, Beni Suef, Kafr el-Sheikh, Mersa Matruh, and Sohag.