Egypt has agreed with Sudan to study a plan to grow crops together on Sudanese land within the framework of economic cooperation between the two countries.
Companies from countries across the world have acquired fertile Nile-irrigated land for growing food crops, non-food agricultural commodities such as alfalfa, flowers, tobacco, and biofuels, rearing livestock and logging trees.
Gulf agribusiness companies found their panacea in Egypt, which is prioritizing investment in large-scale, modernized farming to export crops over pursuing strategic crop cultivation and traditional farming methods in the Nile Valley and Delta.
Gulf investment is one of the largest foreign capitals in Egypt's agribusiness sector and it owns companies that have controlling market shares of corporate food.
The deal includes the construction of a new farm project of greenhouse vegetable production over an area of 600 hectares (6 square kilometers) in central Zambia's Mkushi district.
A group of companies controlled by one of Dubai’s richest families has signed a deal for a $1 billion dollar investment in a 77,000 sugar beet and grains farms in Minya, Egypt.
Le projet porte sur une superficie totale de 76 000 hectares et comprend la mise en place d’une plantation et d’une usine dotée d’une capacité annuelle de production de 1 million de tonnes de sucre et d'un coût de 450 millions $.
Arrests of some of Saudi Arabia's richest people includes two businessmen with large-scale farmland investments: Alwaleed bin Talal investing in Egypt and Mohammed Al Amoudi in Ethiopia.
Sudan wants to expand agricultural production and investments, which could benefit it as well as Egypt, but Cairo worries that such a development might threaten its supply of the Nile's water.
Egypt and the Korea-Arab Society (KAS) signed a cooperation protocol to build a $10 billion integrated agricultural city in the North African country. The city will be stretched over an area of 300,000 feddans (126,000 ha) in the southeast part of the Qattara Depression.
Saudi-based Al Rajhi International for Investment company targets injecting 1.2 billion Egyptian pounds (US$135 million) to reclaim 75,000 feddans in Egypt's Toshka project until 2020.
