UAE to complete 25 silos in Egypt March 2016

UAE is to finish establishing 25 silos worth US$300 million in March 2016, chairman of the Egyptian Holding Company for Silos and Storage (EHCSS) Mahmoud Abdel Hamid said Tuesday.

Abdel Hamid told Amwal Al Ghad that the Emirati project aims at implementing silos in 17 governorates to add more than 1.5 million tonnes of wheat as storage capacity.

Chairman Abdel Hamid stated that EHCSS is establishing 11 silos while the Egyptian agriculture ministry is implementing around 10 silos.  In addition, the General Company for Silos and storage (GCSS) is establishing four silos

The Emirati project is to provide around 10 percent of the wasted wheat annually estimated at 2.7 billion Egyptian pounds per year.