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Monday, 23 May 2016

Blumberg Grain to build wheat silos in Algeria

Blumberg Grain expands to Algeria: Blumberg Grain, a fixture of the Egyptian commodities scene for its work on the shouna project, is expected to sign an agreement “within the coming weeks with Algeria’s state grain agency OAIC to build high-tech wheat silos.” The silos can store up to 1 mn tonnes, and CEO David Blumberg hopes the agreement can be signed before Ramadan. “The design in Algeria will be different from the ones in Egypt as in Egypt they don’t have the capability to transport wheat in bulk,” Blumberg said. “A final agreement in the next few weeks will pave the way for investment in Algeria by Blumberg,” the company said in an emailed statement.

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