Blumberg appears to have competition for phase two of shounas program: Russia’s Elevatorprodmashstroy consortium, led by Melinvest, will bid on phase two of the shounas development program, which would see the development of 300 state-of-the-art shounas, a representative of the group identified as Magdy Shehata told Al Shorouk on Monday. The consortium is currently preparing a bid, said Shehata, who added that the project will be funded by “Russian financiers” with favorable conditions. Shehata had stated last month that the consortium was bidding on other grain-storage projects. Blumberg Grain had announced in mid-August that it hoped to finalize an agreement with the government for phase two after the high-profile success of phase one. Then-Supply Minister Khaled Hanafy said at the time that there were other offers on the table from Emirati, American and Italian companies.

Meanwhile, Arab Contractors are set to complete work om an EGP 2 bn wheat silos project by December, Chairman Mohsen Salah told Amwal Al Ghad. The company was tasked with building 15 wheat silos in seven governorates nationwide, he added. One EGP 70 mn silo has already been completed and delivered in Port Said, he said. Salah had previously announced that the project will be concluded in June.