CAIRO: President Abdel Fatah al Sisi met with the Chairman and Chief Executive Officer of Blumberg Partners Mr. Philip F. Blumberg on Thursday and reviewed progress made in the company’s diverse projects in Egypt, according to a presidential statement.
The two sides reviewed the “Shounas” Replacement Project which aims at replacing basic grain storage systems with modern high tech Grain Aggregation Centers, especially designed to suit local production and trading conditions.
According to Blumberg, the project is being implemented over several phases; the first one envisages the construction of 93 advanced “Shounas” which will be completed within the coming period in the run up to the spring harvest season, said the statement.
Blumberg underscored the positive impact of this project on reducing waste in grain crops, primarily wheat, in addition to saving around 200 million dollars for the Egyptian government annually.
The second phase aims to establish an additional 300 collection and storage points across Egypt and will save a total amount of $550 million for the Egyptian government annually.
From his side, Sisi expressed keenness on implementing these projects as soon as possible, mainly the establishment of high tech Grain Aggregation Centers, which will serve the agricultural sector, fulfil citizens’ food needs, generate jobs, combat price hikes and avoid post-harvest loss rates due to poor storage and distribution.
The meeting was attended by the Minister of Supply and Domestic Trade, Khaled Hanafi.