The decision comes as part of the ministry’s plan to stabilise prices and ensure the availability of high-quality olive oil amid a sharp decline in local production this season.
The deal, signed on November 4, covers the construction of factory buildings, warehouses, and supporting infrastructure for the project.
Overall, the announced budget represents a 4% increase compared to the allocation in the 2025 Finance Bill.
The company will be jointly owned by Samcrete Egypt, a leading domestic construction and industrial firm, and Feerum S.A., a Polish manufacturer specializing in grain storage and drying systems
The government has imposed a ban on maize exports to curb further depletion of national stocks.