Al-Sisi urges private sector investment in Egypt’s agricultural projects - News Summed Up

Al-Sisi urges private sector investment in Egypt’s agricultural projects


Egyptian President Abdel Fattah Al-Sisi has called on investors to actively participate in all agricultural projects being implemented in Egypt. Al-Sisi emphasized the state’s commitment to achieving significant production volumes in agricultural projects. Regarding the high costs associated with current agricultural projects, Al-Sisi pointed out that they are often executed simultaneously and in an integrated manner. He expressed disapproval of cultivating a million acres to yield only 2.5 million tonnes of wheat when it is possible to achieve 3.5 million tonnes without increasing land area or water usage. Al-Sisi directed the Ministry of Agriculture to learn from the experience of the Modern Farming Company in agricultural investment.


Source: Daily News Egypt May 25, 2024 21:28 UTC



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