Egypt Zones accountACCOUNT

Egypt Launches Mega Project for Building 17 Green Food Hubs

Source: www.export-egypt.com 10/23/2023, Location: Africa

Share |
The Ministry of Supply and Internal Trade launched on Monday a mega project to establish 17 green food hubs across Egypt in collaboration with the Ministry of International Cooperation, the Internal Trade Development Authority (ITDA), and the French Development Agency (AFD).

The project includes building a group of logistics hubs and markets for the retail and wholesale of vegetables and fruits, along with fridges and areas dedicated to packaging and sorting, according to a statement by the supply ministry.

The new green food hubs will use modern technology and clean energy in their operations and design. The hubs will also include waste recycling in a safe and sustainable way.

The green food hubs plan comprises building 17 hubs across Egypt, according to Minister of Supply and Internal Trade Ali Moselhi.

The new hubs will recycle solid and nonsolid food waste including residues of vegetables, fruits, fish, and meat using clean energy based on the model used in French wholesale markets, said Ibrahim Ashmawy, head of the ITDA and advisor to the supply minister.

Reducing waste will increase reserves of food products throughout the year, which will help in controlling prices, Ashmawy added.

He announced that the first green food hub will be built in Ismailia on 100 feddans with EGP 3 billion in investments in collaboration with the AFD and the private sector.

Egypt seeks to control food prices amid the rising inflation. Earlier in October, Prime Minister Mostafa Madbouly said the government would reduce the prices of seven basic commodities by 15 to 25 percent.

The Egyptian government exempted a list of 12 basic foods from customs duties for six months.

Since 2006, AFD Group has built a solid and comprehensive portfolio of 3.1 billion euros to assist the Egyptian government in reconciling economic development and climate change control objectives, while still promoting social welfare and inclusion in the country.

Financials and Investment News in Egypt >>

Egypt >>  11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
Egypt >>  11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...

Egypt >>  11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
Egypt >>  11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...

Egypt >>  11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
Egypt >>  11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.

The Cabinet is set to add...





Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 |

More News

Oil & Gas Companies in Egypt >>

Related Links

Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.