CAIRO: A total of 72 wheat silos have been developed through a United Arab Emirates grant; 82 granaries were attached to the silos to collect yield, reducing wheat wastage and maintaining its quality, Youm7 reported Sunday.
The silos will be operations this harvest season, head of the Principal Bank for Development and Agriculture Credit Ateya Salem told Youm7.
The silos were developed by the Engineering Authority of the Armed Forces, Salem said, adding that the Bank owns 362 of them.
The project included 287 sand silos and 75 cement silos, according to Salem. The UAE provided Egypt with a $300 million for grain silos projects.
As part of a $45-million debt swap program, Italy will establish 10 horizontal wheat silos in Egypt with the capacity of 500,000 tons yearly and investments of $17 million. The silos will be operation within two years, Supply Minister Khaled Hanafy said in August 2015.
Egypt is the world’s largest wheat importer, with traditional bread being a staple in Egyptians meals; the government has subsidized bread for decades.
To reduce wheat import amid dollar shortage, the government has embarked on plans to support local wheat.
A total of 2.843 million feddans are planted with wheat this season, excluding six governorates, according to a Dec. 22 report by the Agriculture Ministry.
For every feddan of wheat, an Egyptian farmer will be granted 1,300 EGP ($166) in subsidies before the harvest season to encourage cultivation of the crop, Supply Minister Khaled Hanafy previously told Youm7.