The European Commission and Egypt Sign a €90 Million Food Security Deal

EXCERPT: A €90 million deal was inked by Egypt and the EU to improve grain storage and logistics infrastructure in order to increase food security. 

A €90 deal has been concluded between Egypt and the European Commission.

EXCERPT: A €90 million deal was inked by Egypt and the EU to improve grain storage and logistics infrastructure in order to increase food security.

Egypt’s Ministry of International Cooperation said Monday that it has inked a soft funding agreement worth €90 million ($93.9 million) with the European Commission to improve the nation’s food security.

The European Investment Bank (EIB) is providing the cash with the goal of improving Egypt’s infrastructure for grain storage and logistics. With additional grants and funding totaling €210 million ($219.3 million), the project is part of the larger Food Resilience Project, which is also supported by the World Bank and the European Union.

The deal will enable the General Authority for Supply Commodities (GASC) to enhance its ability to import and store wheat more effectively, the ministry said. This occurs despite the fact that at the end of last year, the military-affiliated Mostakbal Misr took over as Egypt’s official grain importer, replacing GASC.

GASC has already obtained funding for wheat imports for the second time in 2025. To help in its efforts to ensure food security, the agency and the Islamic Trade Finance Corporation signed a $700 million loan arrangement on February 4.

Tens of millions of Egyptians rely on wheat to make their subsidized bread, making Egypt the world’s largest importer of the commodity. The nation’s continuous attempts to fortify its food supply chain in the face of rising grain prices and pressures from the global economy are highlighted by the most recent funding deal.