CAIRO, EGYPT — Feerum Egypt will build a factory specializing in the design, manufacture and construction of grain storage silos in the East Port Said region of Egypt, a deal expected to bolster the nation’s grain storage capabilities and self-sufficiency. 

The initiative was marked by a land allocation contract signing ceremony on March 27 between East Port Said Development and Feerum Egypt. The project is supported by an EGP 1.6 billion ($33.9 million) investment for the construction of a facility covering 51,950 square meters, according to a statement from the Egyptian Cabinet.

Poland-based Feerum SA will collaborate with Egyptian domestic partners Samcrete Co. and the Egyptian Holding Company for Silos and Storage.

According to Prime Minister Mostafa Madbouly, the contract aligns with President Abdel Fattah El-Sisi’s comprehensive plan to expand the localization of strategic industries, particularly within the Suez Canal Economic Zone. The goal is to support the manufacturing of grain silos and their components, reduce dependency on imports and promote exports.

Feerum’s goal is to achieve an 80% local component in its final product within the next three to five years and become a supply center for the grain silo industry in Africa and the Middle East, with potential future expansion to serve Europe.