FILE PHOTO: A farmer displays grains of wheat in a field in Beheira Governorate, Egypt, May 3, 2018. REUTERS / Mohamed Abd El Ghany / File Photo
CAIRO – March 16, 2021: Egypt on Monday inaugurated the Regional Technology Center for the Storage and Deliberation of Cereals in Bargash.
the Minister of International Cooperation, Rania Al-Mashat, the Minister of Supply and Internal Trade Ali Moselhi; Major General Sherif Bassili, Chairman of the Board of Directors of EHCSS; the Danish Ambassador; and the Governor of Giza attended the inauguration ceremony.
Al-Mashat said the Regional Technology Center for Grain Storage and Deliberation is one of the most important projects implemented by the Egyptian Holding Company for Silos and Storage (EHCSS), thanks to the UAE grant for the development of food supply processes in Egypt.
The UAE grant also spent $ 300 million to develop 25 silos.
According to the announced data, the Center is created to become a regional pole for the training and preparation of executives in the field of grain storage technology, as well as the management and operation of silos.
In light of the inauguration, Al-Mashat praised the strategic cooperation between Egypt and the United Arab Emirates (UAE) which has led to the successful implementation of many development projects in various sectors. The center represents an important step forward in strengthening Egypt’s food security strategy and in achieving the United Nations Sustainable Development Goals (SDGs); namely SDG 2: Zero Hunger, SDG 8: Decent work and economic growth, and SDG 12: Responsible consumption and production.
The Ministry of International Cooperation is keen to conclude development finance agreements with multilateral and bilateral development partners in various sectors of the country, including the procurement sector whose total funding amounts to $ 129 million from the country. Saudi Fund for Development (SFD) and OPEC Fund for International Development; in addition to the UAE grant and development funds from the Egyptian-Italian debt swap program.
Al-Mashat also highlighted Egypt’s efforts in implementing its food security strategy; food security having become an urgent task due to the pandemic which has drawn the world’s attention to its importance in times of crisis; stressing again the need for prior preparation to meet the basic needs of all citizens.
Launched by the Ministry of International Cooperation, the 2020 annual report entitled “International Partnerships for Sustainable Development: Writing the Future in a Changing Global Dynamics” reviews the efforts and allocation of development finance in cooperation with multilateral and bilateral development partners.
The report explains that the ministry secured $ 9.8 billion in development finance, including $ 6.7 billion for sovereign project financing, including $ 100 million for irrigation, supply and agriculture. , and $ 3.19 billion to support the private sector.