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.
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 $.
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.