El-Sisi encourages private sector investment in land cultivation during harvesting season event - Society
"The land is available to you. The state has already made significant progress in preparing it. All that is required of you is to work on bringing the agricultural land into the production phase, now that the necessary infrastructure has been provided," El-Sisi said, addressing the private sector and investors.
During the event, the president noted that the challenges in converting this land into farmland are not limited to financing but also to implementation.
President El-Sisi said preparing this land for agriculture requires basic infrastructure, including energy, roads, and an electricity network.
He also highlighted that if another year passes without cultivating 600,000 feddans, we are missing out on a EGP 30 billion opportunity.
'The average income per feddan is about EGP 50,000. Therefore, the 800,000 feddans which are expected to be brought into service could generate around EGP 30 billion annually. We must not miss the opportunity of this resource by delaying its entry into the production phase, especially considering that agriculture also improves soil quality.'
Moreover, the president noted that investing in this land will help improve its quality and the expertise of those working it, while creating around 600,000 job opportunities for citizens.
The Future of Egypt project, costing EGP 8 billion, is part of the state's plan to expand agricultural land and increase agricultural production.
It aims to provide high-quality agricultural products at affordable prices for citizens, achieve self-sufficiency in strategic commodities, and export the surplus.
The project is located along the new axis of Rod El-Farag–El-Dabaa road. It is divided into 60 linear roads and 35 crossroads, divided into equal plots, each 1,000 feddans.
Its location is one of the main strategic advantages due to the availability of manpower and the easy access to production requirements such as fertilizers, pesticides, seeds, and equipment.
This also facilitates delivering the final products to the main markets and land and air ports for export.
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