Egypt Wrap — Italy agrees $20m silo deal; Mitsubishi and ARNPC strike hydrogen agreement

Egypt and Italy are joining forces to build six field silos under the Italian-Egyptian Debt for Development Swap Program.

Each silo — four of which will be in El-Sharqia, one in El-Minya, and one in El-Menoufia — will have the capacity for 5,000 tons of storage.

The project is supported with with up to 367 million egyptian pounds ($19.59 million) in investment,

It is looking to enhance wheat storage, and reduce waste. In addition to this, it is expected to generate $52 million worth of wheat investments, reported Arab Finance.