Egypt plans global grain and oil storage and trade hub
via Egypt Today1 min read
Prime Minister Mostafa Madbouly met with cabinet members and officials from the Suez Canal Economic Zone SCZONE and the "Future of Egypt" project to discuss establishing a global hub for grain and oil storage, supply, and trade. This initiative follows direct communication between President Abdel Fattah el-Sisi and foreign leaders focused on strengthening food security cooperation. Discussions are ongoing with several countries to create logistical centers in Egypt, with technical studies and negotiations on storage methods currently in preparation. Madbouly has instructed the Ministry of Supply and the "Future of Egypt" agency to complete a detailed feasibility study, including costs, added value, and investment incentives, on an urgent timeline.
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This summary was AI-generated from a story originally published by Egypt Today.
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