Those would create 250,000 direct and indirect jobs, and hopefully, improve the flow of supply chains in Egypt.
The Prime Minister announced that the government has allocated EGP 1.1 billion to the Supply Commodities Authority and the Agricultural Bank of Egypt for purchasing the local wheat from the farmers.
The minister said his ministry has adopted a number of measures to secure wheat reserves and worked on diversifying its import origins.
The total amount provided reached more than USD 1.5 billion, issued to health, education, housing, industry, agriculture, infrastructure projects, roads, and buildings.
That includes the sectors of retail, wholesale, transportation and storage.
Egypt is expected to achieve self-sufficiency of sugar by 100 percent in 2022.
The sector has begun recovery paving the way for figuring out demand levels, and hence, estimating supply and investments in the sector.
That was in the closing ceremonial activities of the staff capacity building program at the Ministry of Supply and the General Authority for Supply Commodities in cooperation with the International Islamic Trade Finance Corporation.
Production is double the market need.
The Egyptian company GRG and the Italian Sopria Holding Company – owner of Crai Retail Modeling – signed an MoU Sunday.
Minister of Industry and Trade Nevine Gamea issued Tuesday a decree suspending white sugar imports for another three months.
The Ministry of Supply and Internal Trade will replicate a charity initiative that took place on April 23-May 11.
They are made available at reduced prices.
Egypt's Ministry of Supply and Internal Trade affirmed, Wednesday, the availability of all food commodities at markets, affirming that there is no need to panic regarding goods amid the crises of Coronavirus (Covid-19).
The third phase of Gameaty outlets project consists of 1,800 outlets.
A number of trucks will be designed to sell frozen food.
The Ministry of Supply and Internal Trade started to electronically link the outlets selling subsidized goods with warehouses to inhibit embezzlement and random supply.
As per the subsidy system, the government should produce more than 11.4 billion loaves of bread monthly for about 76.4 million people who are eligible for the bread subsidy.
Those offices are being equipped with computers, photocopiers, scanners, fax machines, AC, waiting halls, and queue number machines.
The General Authority for Supply Commodities (GASC) announced on Tuesday it will invite a third tender to import white short and medium grain rice.