Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, chaired the General Assembly meeting of the Egyptian Holding Company for Silos and Storage to discuss and approve the company’s estimated budget for fiscal year (FY) 2026/27, as part of ongoing efforts to strengthen the country’s food security system and enhance storage infrastructure.
The meeting brought together members of the General Assembly and the company’s board of directors to review its financial and operational performance, as well as progress in upgrading and modernising the national silo and storage network.
Discussions focused on plans to improve operational efficiency, maximise the utilisation of available storage capacities, reduce losses, and maintain the quality of stored grains in line with international technical standards.
Farouk emphasised that the Egyptian Holding Company for Silos and Storage represents a cornerstone of Egypt’s food security system due to its critical role in securing and storing strategic grain reserves. He stressed the importance of continuing to modernise the company’s operations and expand the use of advanced technological systems to enhance efficiency, oversight, and overall performance.
The minister highlighted the need to accelerate development and modernisation programmes while upgrading assets and infrastructure to support the state’s ability to maintain a secure strategic stockpile of essential commodities and grains. He noted that strengthening storage capabilities is vital to ensuring preparedness for potential challenges and market fluctuations.
Farouk also underscored the importance of continuously monitoring performance indicators, reinforcing governance and sound management practices, and investing in human capital development to ensure the company achieves its operational and developmental objectives in a sustainable manner.
The meeting reflects the Ministry of Supply and Internal Trade’s ongoing commitment to developing Egypt’s silo and storage system, which remains a key pillar of the country’s food security strategy and a crucial component in improving the efficiency of supply and storage chains nationwide.
The ministry views the continued expansion and modernisation of storage infrastructure as essential to safeguarding strategic reserves, reducing waste, and enhancing the resilience of Egypt’s food supply system in the face of regional and global challenges.
