Cairo – Mubasher: General Company for Silos and Storage has signed a contract with Rowad Modern Engineering to build a silo at West Port Said Port.

The silo will be established with a capacity of 100,000 tonnes at a cost of EGP 520 million, the company said in a bourse disclosure on Wednesday. 

In fiscal year (FY) 2020/2021, the company reported net profits of EGP 103.79 million, slightly down from EGP 104.5 million a year earlier.