The Business Times
SUBSCRIBERS

Egypt grain storage project may be back on track in wake of scandal

Logistics firm Blumberg Grain says its systems would crack down on fraud as seen in local procurement

Published Sun, Aug 14, 2016 · 09:50 PM

Cairo

BLUMBERG Grain said its mega project to store Egyptian grains was back in play, with the government to announce a final decision in two weeks, after earlier indications that plans had been shelved and the company might exit the country entirely.

The decision comes as Egypt, the world's largest wheat importer, remains mired in controversy over its wheat supplies, with industry officials claiming that over two million tonnes of the five million tonnes of wheat procured locally in this harvest may exist only on paper.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here