At the outset of the meeting, Madbouly emphasized President
El-Sisi's directives to all relevant ministries and state agencies to work
towards establishing a global logistics hub for grains in the Suez Canal
Economic Zone (SCZone).
"Various state entities have submitted proposals for
cooperation in establishing this center, which the state highly anticipates due
to its immense importance," Madbouly said.
The Prime Minister highlighted the SCZone's high logistical
advantages and capabilities and its existing trade relations with numerous
African nations. He stressed the need for a strong and attractive investment
portfolio to showcase the project's opportunities, competitive advantages, and
expected returns, aiming to leverage Egypt's geographical position as a global
corridor for grains.
The meeting was attended by key ministers, including Finance
Minister Ahmed Kouchouk, Supply and Internal Trade Minister Sherif Farouk, and
Agriculture and Land Reclamation Minister Alaa Farouk, along with other senior
officials.
Minister of Supply and Internal Trade affirmed that Egypt
would seek international expertise and coordinate with relevant ministries and
potential international partners on the initiative. He noted that the area
already possesses existing storage capacity and available land for further
development.
Agriculture Minister Farouk added that the logistics zone
would encompass diverse activities and bring numerous benefits.
Major General Khaled Ahmed Salah, representing the Egypt
Future for Sustainable Development Agency, confirmed that studies are underway
for the grain hub, which is part of a broader proposal for a logistics zone for
grains and oils.
Mohamed Aboul Dahab, Investment Director at the Suez Canal
Economic Zone Authority, presented studies on the logistics center, noting the
availability of grain storage silos from a national project and existing
loading/unloading points in key ports like Dekheila, Alexandria, Damietta, and
West Port Said.
Aboul Dahab also revealed a concept paper developed in
English to promote the project and outlined plans to attract industries for
silo manufacturing, engage the private sector in storage and handling, and
market the project internationally.
Madbouly concluded the meeting by directing the formation of a working group, including representatives from relevant ministries and the Egypt Future for Sustainable Development Agency. This group is tasked with expediting the feasibility study and preparing a comprehensive file on investment opportunities to attract further international partners to the promising zone.