US$46mln UAE Finance to Launch 2 Silos for Wheat: Egypt’s Minister

Egyptian Planning Minister Ashraf Al-Araby asserted that the total value of submitted funds for launching two new silos for storing wheat estimated at US$46million.

This among UAE grant for launching 25 silos with total cost US$300million, noting that the time frame for finalizing from the two silos is 18 months Al-Araby explained.

The launch comes during the sign agreement between Egyptian Holding Company For Silos and Storage ( EHCSS) and Arab Organization for Industrialization (AOI) in the presence of Egyptian Supply Minister Khaled Hanafy, Sultan Jabr Sultan Ahmed Al Jaber minister of state in the United Arab Emirates along with several figures, Al-Araby stated.