Egypt’s president, Abdel Fattah Al Sisi held a meeting yesterday with Supply Minister Khaled Hanafi and an expert committee concerned with a mega national project aimed at transforming Damietta Port into an international logistic hub for handling and storage of grain.
Committee members reviewed detailed technical studies related to the project showing its great potentials in light of the distinguished geographic location of Damietta Port, Presidential Spokesman Alaa Youssef said. They also discussed important issues like deepening the port, port’s relationship with free zones and future port’s extensions.
Meanwhile, the supply minister said the committee had exerted great efforts to complete the project’s studies and start its implementation while reducing the cost and rationalizing expenditure.
Egypt’s plan to build a logistics hub to store, trade and manufacture grains and seeds will cost approx. $1.8 billion. The project, which will be built on 3,350 square kilometers, involves construction of high-tech storage silos, two new platforms capable of receiving large cargos in the Damietta marine port and five manufacturing areas.