Minister of Supply and Internal Trade Ali Moselhy discussed on Wednesday 8/2/2023 with the European Investment Bank (EIB) delegation, headed by bank official Lionel Raphael, the construction of a large silo in Damietta’s port with a storage capacity of 200,000 tons.

The discussions also touched upon constructing 5 other field silos in Sharkia, Kafr El-Sheikh, Dakahlia, Minya and New Valley with a capacity of 5,000 tons each, according to the statement.

The silos will contribute to increasing the storage capacity of wheat in both mainland and port silos once the necessary financing procedures have been undertaken, asserted Moselhy.

The locations for the planned field silos came after intensive studies of the areas that are highest in wheat production; the silos’ proximity to these areas would save farmers’ time , said CEO and Managing Director of Egyptian Holding Company for Silos and Storage (EHCSS) Sherif Basili.

Source: State Information Service Egypt