Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Egypt to Host Global Center for Grain Storage

Sun 27 Aug 2023 | 12:41 PM
Ahmed Emam

Prime Minister Mostafa Madbouly revealed that Egypt is set to host a global center for grain storage, aiming to contribute to resolving the global food crisis.

He also noted that his country aims to secure more accessible funding for developmental projects, improve local economic indicators, and increase opportunities for foreign investments, through the BRICS group.

Madbouly made his remarks during a session held on the sidelines of the BRICS summit in Johannesburg on Thursday.

In the same connection, the Egyptian parliament hailed the decision to host a global grain storage center, affirming that Egypt possesses the potential and attributes that qualify it for this role.

Meanwhile, the Egyptian Cabinet's Information and Decision Center (IDSC) said that Egypt's membership in the New Development Bank of BRICS grants it access to financing for its developmental projects.