IFLR1000

Blumberg Grain shouna development project phase two

28/4/2016
Project development
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$ 120 million

Announced

28/4/2016

Overview:

  • US company Blumberg Grain is undergoing the construction of 300 shounas (wheat storage facilities) as part of phase two of its wheat storage development project.
  • The project includes the development of 93-grain treatments and assembly centers across 20 governorates
  • It will cost $120 million, three times the cost of the first phase of the project.

Jon Moore - Journalist

Jurisdiction:

Egypt

Deal type:

Project development

Practice area:

Project development

Governing law:

Egypt

Industry sector:

Food and beverage

Firms:
Akin Gump Strauss Hauer & Feld

Party: Blumberg Grain (Project developer)

Shalakany Law Office

Party: Blumberg Grain (Project developer)

Lawyer: Emad El Shalakany

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