Mulmix, an international Italian grain storage solutions company, has offered to participate in the establishment of and investment in silos for storing wheat and grain in the Damietta global logistics project, the Ministry of Supply and Internal Trade announced Sunday.
The company has also offered to invest in and establish silos in several governorates across Egypt. The offerings were made during a meeting between Minister of Supply Khaled Hanafy and Mulmix’s General Manager in the Middle East, Marco Mattoccia. Also in attendance at the meeting was a delegation from the company, with Italy’s ambassador to Egypt, Maurizio Massari, also witnessing the meeting.
At the beginning of the year, representatives from another Italian silo-manufacturing company, Frame Srl, met with Hanafy to discuss ways in which to collaborate in the Global Logistics Project.
Several offers have been made for participation in the project, including offers from Russia, Spain, Sudan, the UAE, Saudi Arabia, China, Canada, Slovenia, Iraq, and the US.
At the time, Hanafy said he is considering the offers presented for investment in the logistics project. It aims to transform Egypt into a global logistics hub for securing food commodities for the country and for exporting to other countries in the region.
The Ministry of Supply and Internal Trade said the volume of annual trade will be some 65m tonnes of grains and food commodities.
The project’s establishment will take two years, with the government hoping it will bring major economic benefits for the country with the potential to create thousands of job opportunities in Egypt.
A previous statement announced that the project will commence in December 2014, although implementation has yet to start.