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Egypt aims to transform itself into a global grain trading and storage hub, Supply Minister Sherif Farouk announced on Friday.
Speaking at a major industry event in the Russian city of Sochi, Farouk emphasised that the nation—historically the world’s largest buyer of Russian wheat—is actively executing an ambitious, comprehensive strategy to establish this international network.
The proposed megaproject is designed to centralise the storage, processing, and distribution of essential grain crops throughout the Middle East, Africa, and surrounding global markets.
To turn this vision into reality, the initiative will involve the construction of modern grain elevators, advanced logistics networks, and high-capacity processing and storage facilities across Egypt.
Farouk highlighted that Egyptian and Russian commodity exchanges could soon collaborate to modernise Egypt’s existing grain trading infrastructure.
This partnership will focus heavily on establishing stable regional pricing benchmarks and ensuring long-term supply chain transparency.
The supply minister underscored that Egypt will continue to deepen its strategic partnership with Russia, particularly in developing advanced grain tracking systems.
The government is working to consolidate these systems to improve transparency and strengthen the resilience of the market for essential food commodities.
These collaborative logistics and trade upgrades are expected to safeguard regional food security while solidifying Egypt’s role as a vital maritime and agricultural corridor.
