Egypt to set up EGP 1.6B silo manufacturing plant in East Port Said

Updated 3/27/2024 1:40:00 AM
Egypt to set up EGP 1.6B silo manufacturing plant in East Port Said

Arab Finance: East Port Said Development has signed a land allocation contract with the silos and storing company Feerum Egypt to establish a factory for designing, manufacturing, and constructing grain silos and their components, with investments of EGP 1.6 billion, according to a statement.

The deal aims to localize grain silo manufacturing in Egypt.

The factory is set to be established on a 51,950-square-meter area in East Port Said Industrial Zone, in partnership with the Polish Ferrum S.A., as well as Egypt’s Samcrete and the Egyptian Holding Company for Silos and Storage (EHCSS).

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