Business
Egypt studies BRICS-backed logistics hub for grains and vegetable oils
October 28, 2026 at 02:30 PM
Coverage
3 reports · over 2 hours
MAMasrawy
وزير التموين: الاستثمار المشترك في تجارة الغذاء يخفض تكاليف التداول
(opens the publisher’s site)
MAMasrawy
التموين: مركز لوجستي للحبوب والزيوت في مصر بمشاركة مستثمرين من دول بريكس
(opens the publisher’s site)
يواليوم السابع
وزير التموين: ندرس إقامة مركز لوجستي عالمي للحبوب والزيوت بتمويل واستثمار مشترك
(opens the publisher’s site)Egypt's supply minister announced in Moscow that Cairo is studying a logistics center linking food trade, storage, and processing with BRICS investors.
- Farouk said Egypt is studying developing a logistics center for grains and vegetable oils combining trade, storage, and manufacturing with BRICS investors.
- Farouk said the Russian industrial zone in Egypt offers an opportunity to deepen economic partnership through investment, production, and trade.
- Farouk said Egypt aims to expand exports to the Russian market and ensure regular shipping services and efficient payment arrangements.
- Farouk stressed improving direct links between ports, manufacturing sites, and distribution networks to lower handling and shipping costs.
- Farouk spoke at the 'Russian-African Agricultural and Industrial Alliance' session at the Russia-Africa Economic and Humanitarian Forum in Moscow.
- Farouk called for clear partner responsibilities and coordination among companies, banks, ports, and shipping firms to ensure stable food supplies.