Cairo: Egyptian Prime Minister Mostafa Madbouly has announced a strategic initiative to establish a regional grain logistics hub in the Suez Canal Economic Zone, with strong backing from President Abdel Fattah El Sisi. The project aims to enhance Egypt's position in the grain trade across North Africa and the Middle East, while also bolstering food security.
According to Emirates News Agency, the proposed hub is receiving directives to proceed swiftly due to its strategic importance. Authorities are currently preparing a comprehensive feasibility study that will address the technical, economic, and logistical aspects necessary for the project's implementation.
The hub is strategically planned to take advantage of the Suez Canal Economic Zone's prime location, robust infrastructure, and connectivity to global shipping routes. Furthermore, Prime Minister Madbouly highlighted that several countries have shown interest in participating in the project, indicating confidence in Egypt's capacity to manage large-scale ventures.
Madbouly emphasized that the grain hub would not only secure essential food supplies but also generate economic benefits through activities related to storage, trading, and redistribution.