Blumberg Grain was featured in an article this weekend titled "Sisi with the Head of Blumberg for 3 projects for the storage of grain and fruit" which summarizes a meeting in which President Abdel Fattah Sisi met with Philip Blumberg, Dr. Khalid Al-Hanafi, Minister of Supply and Internal Trade, David Blumberg, Managing Director of Blumberg Grain West Africa, and Christian Rath, Senior Vice President of the Blumberg Grain company. An excerpt follows:
The meeting was aimed at review and discuss three major projects, including the creation of the company's first factory for storage technology in the Middle East, which will serve the local market, and targets integration with the national project of the giant development axis at the Suez Canal, as well as providing opportunities to export to the Arab countries and African countries, where the project will the world's largest in its field, and direct investments worth 100 million dollars.
It also included discussions on project to replace the storage barns (dirt shounas) with Blumberg's modern and advanced technology, which are specially designed to suit the conditions of production and circulation, which is used to store grain and wheat, providing more than 30% of grain crops, ie, 1.2 million tons, which was being wasted due to the poor conditions of storage and handling, and a total cost of 1.7 billion pounds.
The third project would seek to establish a ten areas of logistics, as a first stage, for the purpose of processing, storage and preservation of agricultural products, grains, vegetables and fruits, to avoid wastage of 40% of these crops, as well as the opportunity to control prices by storing these products, and re-launched in the market to set prices and control expensiveness. Note that these three projects were under consideration at the Ministry of Supply and Internal Trade, during the past three months.
To read the full article, click here (for the original Arabic version, use this link). For more news and information visit Blumberg Capital Partners.
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