Italy-based Mulmix, a global provider of grain storage solutions, has offered to participate in the establishment of silos for storing wheat and grain in Egypt’s Damietta logistics project, a report said.

The company has also offered to invest in and establish silos in several governorates across Egypt, added the Daily News Egypt report, citing the Ministry of Supply and Internal Trade.

Several offers have been made for participation in the project, including offers from Russia, Spain, Sudan, the UAE, Saudi Arabia, China, Canada, Slovenia, Iraq, and the US, the report said.

Minister of Supply Khaled Hanafy said he is considering the offers presented for investment in the logistics project, which aims to transform Egypt into a global logistics hub for securing food commodities for the country and for exporting to other countries in the region.

The ministry said the volume of annual trade will be about 65 million tonnes of grains and food commodities.

The project’s establishment will take two years, with the government hoping it will bring major economic benefits for the country with the potential to create thousands of job opportunities in Egypt.