Egypt, Russia partner to ensure food security for Africa
Egypt and Russia discussed a partnership between them to establish a logistic free zone in Cairo to store grains, which would greatly contribute to food security in Egypt while also benefiting neighboring countries.
Egypt and Russia discussed establishing a logistic free zone in Cairo to store grains at an initial capacity of 1 million tons per year. The move would greatly contribute to food security in the largest country in the African continent and benefit neighboring countries, as well as the economy in both Cairo and Moscow.
On Dec. 14, Egyptian Minister of Supply and Internal Trade Ali el-Moselhi met in Cairo with Russian Deputy Agriculture Minister Sergey Levin. Moselhi said they discussed the establishment of an Egyptian-Russian partnership for grain production in Egypt, as well as the establishment of a logistic free zone for wheat storage in Cairo with an initial capacity of 1 million tons per year.
In a press statement, Moselhi noted that Russia is a major trading partner for Egypt, and that he discussed with the Russian side the possibility of establishing a partnership for grain trading in Egypt, which would turn it into a nucleus for achieving stability in strategic commodities and ensuring food security for Cairo and neighboring countries, both Arab and African.
He continued that the meeting discussed a partnership to establish storage tanks for edible oils. It was also agreed that a joint committee would follow up on the implementation of the proposals and study them in detail in order to prepare memoranda of understanding and cooperation protocols, as a prelude for their execution on the ground.
