Egypt tries to position itself as grain hub

Cairo: The government has begun taking steps to convert Egypt into a global logistics centre for the handling and storage of grain and food commodities, according to Prime Minister Ibrahim Mehleb. Damietta has been identified as the first site in which logistics operations will begin.

“This is a large national project that is no less important than the Suez Canal project,” said Mehleb. 

Overall the project will serve to quadruple the capacity of Egypt’s ports from 2.5m tonnes to 10m tonnes. [21/01/14]

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