The factory has an annual production capacity of 250 thousand tons and spans over an area of 270,000 square meters
The program, implemented by UNIDO with funding from the Swiss government, is being carried out in collaboration with the industrial developer Orascom within the Suez Canal Economic Zone
Egypt allocated land for the establishment of a grain storage silo factory in East Port Said with investments valued at EGP 1.6 billion.
During the meeting, the ministers also proposed to conduct trade transactions using local currencies of both countries, with discussions on the possibility of opening branch of a Chinese bank
These agreements will provide investments for the pilot phase valued at $12 billion, in addition to about $29 billion for the first phase, according to a statement by Minister of Planning and Economic Development, Hala El Said
