Back to the complete issue
Monday, 2 July 2018

Ukraine’s Nibulon to invest USD 2 bn in upgrading Egypt’s grain storage and transport infrastructure

INVESTMENT WATCH- Ukraine’s Nibulon will invest USD 2 bn in upgrading Egypt’s grain storage and transport infrastructure under an agreement reached in May with Supply Ministry officials, according to a ministry statement. The investment will be split over four stages, the first of which is expected to begin during FY2018-19 and will involve building state-of-the-art silos along the banks of the Nile. The first are set to be built near the ports of Alexandria and Damietta. Nibulon execs are expected to visit Egypt this month to start setting up a local branch for the company and hiring a team to oversee the first phase of the project, which also involves the manufacturing of 20 barges, each with a capacity of 20,000 tonnes. The Ukrainian grains and oilseeds producer had signed an MoU with UN FAO in Cairo last year “to increase the efficiency of Egyptian companies, engaged in production of cereals, their storage and transportation.”

This came as an unnamed Ukrainian company reportedly made an offer to develop a USD 200 mn river port in Upper Egypt, a transport ministry official told Al Shorouk. The ministry intends to issue tenders to the private sector for the development and management of three ports in Assiut, Sohag, and Qena, under a 25-year usufruct contract, the official added, saying river transport will be a big theme for the ministry this year.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.