26 Firms agreed to invest in Egypt’s Agriculture Sector – Minister

Egypt’s Ministry of Agriculture has signed protocols on cooperation with 26 local and international firms to invest in total area of 671.500 feddans, minister Salah Helal stated.

As pursuant to the protocol, 16 Egyptian firms shall invest in 201.5 thousand feddans; while 10 Arab and foreign firms will invest in 470 thousand feddans, said Salah Helal -the Minister- on Tuesday.

The ministry has presented its plan for agricultural investments in Egypt during the Economic Development Conference (EEDC) that took place on March 13-15 in Sharm El-Sheikh.

Helal stated that his ministry has signed a Memorandum of Agreement (MoU) with the Egyptian-Emirati Company on the condition that the company provides a detailed feasibility study on a project to reclaim and plant 200.000 feddans in west Kom Ombo, Aswan.