Egypt wants to become a global giant in the grain trade with the help of Russia.

Egypt aims to become a major global platform for the trade, storage and processing of grains, the Egyptian Minister of Supply announced at a grain sector event held in Sochi, Russia.

As the world's largest importer of Russian wheat, Egypt aims to strengthen its strategic role in regional and international food supply. Minister Sherif Farouk presented a strategy to transform the country into a regional storage and distribution hub for the Middle East, Africa, and other markets.

According to Egyptian authorities, the project includes the construction of modern silos, the development of new transport infrastructure, and the expansion of grain processing and storage capacities.

The Egyptian government also wants to modernize its commodities trading system. Sherif Farouk mentioned enhanced cooperation between Egyptian and Russian commodity exchanges to improve trading infrastructure, develop price indices, and increase the transparency of supply chains.

The minister also stressed Cairo's desire to strengthen its ties with Moscow in the area of ​​digital grain tracking and securing strategic food markets.

This initiative comes at a global time marked by tensions in agricultural markets, logistical disruptions and growing concerns about food security.

With this project, Egypt seeks to consolidate its position at the heart of the global wheat trade, while taking advantage of its port infrastructure and its strategic geographical location between Africa, the Middle East and Europe.