UAE-based Al Dahra Agriculture aims to pump water from the country's Aswan High Dam reservoir and deliver it via a 50-kilometre canal to 100,000 acres of reclaimed farmland 60 km from the border with Sudan.
Egyptian PM Ibrahim Mahlab met with UAE Minister of State Ahmed Al Jaber and officials of Al Dahra Agriculture to assure them that the Egyptian government is removing obstacles to the company's projects in Toshka.
Le projet de Tochka était censé régler les problèmes démographiques et agricoles de l’Égypte. En 2008, plus de 30 000 ha ont été attribués à une compagnie saoudienne. Fin 2013, une compagnie émiratie y annonçait l’achat de 40 000 ha.
Emerging regional powers’ in the South have produced powerful finance capitalists such as the Egyptian firm, Citadel Capital. Allied with global governance institutions, such firms represent greater control over vital resources and distribution routes for private wealth accumulation
Jenaan, which has agricultural investments from Spain to Ethiopia, said it changed its policy in part because it had been losing money in Egypt and in part due to advice from the government of Abu Dhabi.