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News 916 views last update:7 Aug 2012

New terminals for Kazakhstan's grain giant

Alibi Agro, Kazakhstan's largest grain grower, plans to build terminals in Egypt and Morocco by 2009. With this move, the comapny hopes to increase its chances of winning tenders to supply wheat to north Africa.

Nurlan Tleubayev from Alibi Agro ans who is also president of the Kazakhstan Grain Union, said the company was also participating in a joint venture with the state to build a $300 million plant to produce rail wagons to overcome a shortage that limits the Central Asian country's export potential.

Alibi would build a 100,000-tonne terminal to store wheat in the Egyptian port of Alexandria by March 2009, Tleubayev said. A second terminal is planned for the Moroccan port of Tangiers by the autumn of the same year. Both projects require investment of $18 million, reported Reuters.

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