
An Australian consortium comprising 16 companies offered on Thursday to invest in the 13.1-billion-pound logistic hub for grains Egypt plans to set up in Dameitta.
The offer was made during Supply Minister Khaled Hanafi's meeting with chairman of the consortium Rafiq Najar and the executive director of the consortium.
Egypt's project involves building high-tech storage silos, two new platforms capable of receiving large cargoes in the Damietta marine port and five manufacturing areas.
The project, which will be built on 3,350 square kilometres Damietta, is expected to trade up to 65 million tons annually of grain and basic food commodities.
The minister also talked in the meeting about the other project the ministry plans to float during Egypt Economic Development Conference tomorrow, which is setting up a 40-billion-pound city for trade and marketing near the Suez Canal Corridor.
The city, to cover 4.2 million square meters area to increase to 16 million, will provide 500,000 jobs and will include a spa, shops selling brands, maquette for famous world districts, marina, residential areas and investment hubs.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor