Egypt and the European Commission have signed a €90 million ($93.9 million) soft funding agreement to enhance food security and modernize the country’s grain storage and logistics infrastructure, the Egyptian Ministry of International Cooperation announced on Monday.
The funding, provided by the European Investment Bank (EIB), is part of the broader Food Resilience Project, which also receives support from the European Union and the World Bank. With additional grants and financing totaling €210 million ($219.3 million), the initiative is set to strengthen Egypt’s agricultural trade and supply chain efficiency.
The agreement will enable the General Authority for Supply Commodities (GASC) to expand its wheat import and storage capabilities, ensuring a steady supply for domestic consumption. This development reflects Egypt’s commitment to fostering trade partnerships and advancing logistics solutions that support long-term economic growth.
Egypt, a key player in global wheat trade, continues to enhance its infrastructure and trade collaborations, reinforcing its position as a strategic hub in the agricultural sector.
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