Near the edge of the Sahara Desert, in Egypt’s West Minya, Chinese drillers bore deep into the earth, tapping groundwater to irrigate a once 500-hectare stretch of desert – now home to the world’s largest beet sugar factory, owned by UAE investors.
President Abdel-Fattah El-Sisi is calling on the private sector to invest in the 336,000 hectares that the Future of Egypt for Sustainable Development Authority plans to complete to make the land suitable for agriculture.
Growing berries in Saudi Arabia and a farming project by the Nile are among the first investments of a new private equity firm co-founded by the former chief of Egypt’s sovereign wealth fund.
In a bid to enhance investment opportunities for Egyptians abroad, the New Egyptian Countryside Development Company has launched a new initiative titled “Your Farm in Egypt,” in collaboration with the Ministries of Foreign Affairs and Migration and Egyptians Abroad Affairs.
The Egyptian government and a Chinese business delegation are planning for the establishment of an agricultural investment project in the New Valley Governorate through “China Railway,” one of China’s major companies, to produce potatoes, wheat, and soybeans.
Future of Egypt for Sustainable Development, affiliated with the Egyptian Air Force, was entrusted with reclaiming 1.5 million acres of land across the country, despite the Air Force’s lack of any role in agricultural activities.
Al Dahra, qui exploite 27 000 hectares de terres agricoles dans les gouvernorats de la Nouvelle-Vallée et Ach-Charqiya, va booster sa production et ses exportations de produits agricoles egyptiens
The UAE company's investment will target land reclamation in Toshka, where it currently holds a 67,000-acre land bank and is negotiating the acquisition of an additional 80,000 acres.
UAE-based agribusiness venture Al Dahra plans to expand its business in Egypt amid the African country’s bid to promote investments in different agricultural sectors.
In recent years, Gulf economies have tackled their food dependencies not just by importing foodstuffs but through land enclosures, or the purchasing of agricultural land abroad, particularly in the Middle East, North and East Africa (but also as far as the United States and Australia)
Amr Abdel Wahab, chairperson and managing director of the Egyptian Countryside Development Company, signed an investment contract with Al Magd Group for a 29,000-feddan area for the large-scale cultivation of oil seed crops
The Egyptian Countryside Development Company and the Italian Ambassador to Egypt discussed cooperation and strategies to attract Italian investments to the lands and sectors of the 630,000 ha agricultural project.
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