Medsofts is planning to invest EGP 180 mn in expanding the storage capacity of Nile Silos to 235k tonnes, General Manager Tarek Tawfik told Al Mal. The expansion will be funded by three banks, including CIB and United Bank, and Medsofts — ADM’s Egypt subsidiary which owns Nile Silos in partnership with Wadi Group — expects to complete the expansion in 1H2021.
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