NIBULON vests USD 2 bln in Egypt grain storage and logistics

NIBULON is to invest USD 2 billion to build new grain silos and transportation barges in Egypt’s Nile Delta region, Elevatorist.com reports with reference to Reuters.

The silos would be erected on two sites near the Alexandria and Damietta ports, and 20 barges would be built each with a capacity to transport 2,000 tons of grains along the river.

The first phase of the investment, under a recent agreement, would begin in the next two years.

Reference: on May 23, 2018, the NIBULON company commissioned a new elevator complex for the transshipment of grain and oilseed crops as part of the transshipment terminal in Mykolaiv.