Egypt’s cabinet approves $14m loan from OFID to build wheat silos

Cairo – Mubasher: Egypt’s cabinet approved a presidential bill on a $14 million finance agreement with the OPEC Fund for International Development (OFID).

The deal aims to finance the establishment of two wheat silos in the seaport of West Port Said. 

On 24 July, Egypt’s Ministry of Investment and International Cooperation inked the deal with OFID in a bid to raise the storage capacity of Egyptian ports.

Mubasher Contribution Time: 08-Aug-2019 14:21 (GMT)
Mubasher Last Update Time: 08-Aug-2019 14:21 (GMT)