Latest news with #FutureofEgypt
See - Sada Elbalad
3 days ago
- Business
- See - Sada Elbalad
Uzbek Gov't Delegation Tours Agricultural Projects, Research Centers in Egypt
Taarek Refaat An Uzbek government delegation headed by the Director of the Cabinet Secretariat for Investment, Export, Trade, Agriculture and Water Resources visited several agricultural projects and research centers during a four-day visit to Egypt. The Uzbek delegation began its field trip with a visit to the Agricultural Research Center, where they were briefed on the center's research activities and its efforts to achieve food security and improve crop productivity. They also visited the Excellence and Innovation Exhibition. The Uzbek delegation also visited the Desert Research Center, where they learned about the center's efforts to address the challenges of desertification and climate change. The Uzbek group expressed their great admiration for Egypt's experience in establishing integrated agricultural communities aimed at achieving social stability and sustainable development, commending the role of the Desert Research Center in providing pioneering models and practical solutions to environmental and agricultural challenges in desert regions. They also inspected the "Future of Egypt" sustainable agriculture project, the first project aimed at achieving self-sufficiency and exporting surpluses. The targeted area for reclamation is 1.5 million feddans, out of the total area of the New Delta project, which amounts to 2.2 million feddans. They affirmed Uzbekistan's keenness to exchange successful experiences with Egypt in land reclamation, natural resource management, and modern agriculture, especially in light of the environmental and climate challenges facing both countries. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks
Egypt Independent
7 days ago
- Business
- Egypt Independent
PM urges monitoring of strategic commodity reserves to curb price volatility
Prime Minister Mostafa Madbouly on Monday, May 26, 2025, called for continued monitoring of strategic reserves of essential commodities to ensure sufficient stock levels and help stabilize market prices. Speaking at a meeting with ministers and senior officials, Madbouly emphasized the importance of securing long-term supplies of basic goods. The meeting reviewed efforts to boost storage capacity through projects such as the Future of Egypt for Sustainable Development Authority's grain silos, which aim to store up to 500,000 tons. Cabinet spokesperson Mohamed al-Homsany said the discussion included initiatives to replace imports with locally grown strategic crops, particularly wheat, to strengthen food security and reduce dependency on global markets.
Al-Ahram Weekly
21-05-2025
- Business
- Al-Ahram Weekly
UPDATE 3: El-Sisi encourages private sector investment in land cultivation during harvesting season event - Society
President Abdel-Fattah El-Sisi attended the 2025 wheat harvesting season event on Wednesday, calling on the private sector to invest in the 800,000 feddans that the Future of Egypt for Sustainable Development Authority plans to complete to make the land suitable for agriculture. He indicated that 800,000 feddans are set to be added to Egypt's agricultural land by September. This, he said, requires coordination among ministries and state institutions to provide the necessary infrastructure, which is scheduled for completion by next June with private sector participation, ensuring the land is ready for cultivation. "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. "I'm speaking now to the government, investors, and everyone who can contribute to the success of the ideas we are discussing. When we aim to bring new land into cultivation, we face many challenges—not only in financing but also in execution." 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. Furthermore, El-Sisi emphasized the state's keenness on achieving development in Sinai, noting that the state is making great efforts to provide central infrastructure. He noted that preparing 500,000 feddans in Sinai for cultivation requires the combined efforts of the Governor of North Sinai in cooperation with the Governors of Port Said and Ismailia, as well as the Ministries of Electricity, Irrigation, and Agriculture, to ensure the integration of state institutions in adding this area to Egypt's agricultural land. The president also highlighted that cultivating this land this year will add value to the national projects the state has implemented in Sinai over the past years, including roads, tunnels, and the railway line extending to Arish and Taba. El-Sisi, directing his remarks to Minister of Industry and Transport Kamel El-Wazir, expressed his amazement that Egypt still does not have a factory for infant formula, noting that the country imports 45 million cans of powdered milk annually. The president said his remarks are directed not only to government officials but also to investors, industrialists, and the private sector, urging them to tackle one issue at a time and resolve it. Lake protection, livestock reform El-Sisi also called for adopting proper fishing methods and scientific approaches to developing Egypt's 14 lakes, describing them as valuable resources for both the state and fishermen. He urged fishermen to cooperate with the state to preserve lake ecosystems, stressing the importance of strictly enforcing fishing bans by relevant authorities. Additionally, El-Sisi warned that lake production would remain limited without this cooperation, citing unregulated activity and lack of oversight as reasons for the recent decline in output and profits. The president also suggested distributing livestock to families as a sustainable alternative to monthly cash assistance, enabling steady income through meat and dairy production. He further proposed a programme to improve productivity by replacing current livestock with higher-yield breeds. Regarding urban development, El-Sisi stated that the New Delta project could accommodate around two million families under an integrated development plan. El-Sisi said this would open new investment opportunities for the private sector and real estate firms, albeit with a different approach. He also described adding 2.2 million acres to Egypt's agricultural land as a major achievement that will create millions of job opportunities. In addition, he noted that harvesting and cultivating such an area would require agricultural machinery worth dozens of billions of pounds, which would boost employment in machinery, maintenance, and spare parts sectors. Inauguration of several agricultural projects El-Sisi inaugurated the first phase of the Mustaqbal Misr Industrial City on Sheikh Zayed Axis in Giza Governorate, followed by an inspection tour that included storage refrigerators, a feed factory, a drying plant, and the silos area. The Mustaqbal Misr Industrial City is part of the state's efforts to enhance food security and increase agricultural land through major national projects. Moreover, during the event, El-Sisi attended, via video conference, the inauguration of several agricultural projects as part of the 2025 wheat harvest season in the Dabaa area of Matrouh Governorate. Among the inaugurated projects was the completed first phase of the Dakhla-Oweinat initiative, encompassing 30,000 feddans cultivated with various crops, including wheat and corn. The wheat harvest has begun, yielding an average of 22 ardabs per feddan. According to agricultural engineer Karim Ibrahim, the project targets the cultivation of 230,000 feddans. El-Sisi also followed the sugar beet harvest from the Sanabel Sono 1 project, which aims to cultivate 140,000 feddans—of which 70,000 were planted in the 2024–2025 season—with crops including wheat, barley, sugar beet, and prickly pear. Agricultural engineer Mohamed Hassan El-Arabi reported that the wheat harvest in this project recorded an average yield of 20 ardabs per feddan, while the barley harvest produced an average of 3 tons per feddan. The president also witnessed the sugar beet harvest in the Sadat sector farms, which cover 45,000 feddans. Additionally, El-Sisi inaugurated the new headquarters of the Future of Egypt agency in the Almaza district. The 11,000-square-meter facility can accommodate up to 500 personnel Follow us on: Facebook Instagram Whatsapp Short link:
Al-Ahram Weekly
21-05-2025
- Business
- Al-Ahram Weekly
UPDATED: El-Sisi encourages private sector investment in land cultivation during harvesting season event - Society
President Abdel-Fattah El-Sisi attended the 2025 wheat harvesting season event on Wednesday, calling on the private sector to invest in the 800,000 feddans that the Future of Egypt for Sustainable Development Authority plans to complete to make the land suitable for agriculture. He indicated that 800,000 feddans are set to be added to Egypt's agricultural land by September. This, he said, requires coordination among ministries and state institutions to provide the necessary infrastructure, which is scheduled for completion by next June with private sector participation, ensuring the land is ready for cultivation. "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. "I'm speaking now to the government, investors, and everyone who can contribute to the success of the ideas we are discussing. When we aim to bring new land into cultivation, we face many challenges—not only in financing but also in execution." 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. Furthermore, El-Sisi emphasized the state's keenness on achieving development in Sinai, noting that the state is making great efforts to provide central infrastructure. He noted that preparing 500,000 feddans in Sinai for cultivation requires the combined efforts of the Governor of North Sinai in cooperation with the Governors of Port Said and Ismailia, as well as the Ministries of Electricity, Irrigation, and Agriculture, to ensure the integration of state institutions in adding this area to Egypt's agricultural land. The president also highlighted that cultivating this land this year will add value to the national projects the state has implemented in Sinai over the past years, including roads, tunnels, and the railway line extending to Arish and Taba. El-Sisi, directing his remarks to Minister of Industry and Transport Kamel El-Wazir, expressed his amazement that Egypt still does not have a factory for infant formula, noting that the country imports 45 million cans of powdered milk annually. The president said his remarks are directed not only to government officials but also to investors, industrialists, and the private sector, urging them to tackle one issue at a time and resolve it. *More to follow ... Follow us on: Facebook Instagram Whatsapp Short link:
Egypt Today
21-05-2025
- Business
- Egypt Today
President Sisi Inaugurates ‘Future of Egypt' industrial city at 2025 wheat harvest season event
CAIRO – 21 May 2025: President Abdel Fattah Sisi is currently attending the 2025 wheat harvest season at the 'Future of Egypt' agricultural project, located at the Dabaa Corridor, located midway between Cairo and the North Coast. During his visit, President Sisi announced plans to bring 800,000 feddans of land into agricultural production by September. He highlighted that this initiative requires collaborative efforts from various government ministries and institutions to provide the necessary infrastructure, which is expected to be completed by June, with private sector participation ensuring the land is ready for cultivation. He emphasized that preparing the land for agriculture requires an investment of between LE 200,000 and 300,000 per feddan, highlighting the significant efforts the state is making to establish essential infrastructure. Sisi noted that transforming desert land into arable land demands substantial investment, stating that the government and state institutions are actively working on this project. "I am speaking to the government, investors, and anyone who can help us implement these ideas," he said. "When we want to bring land into agricultural production, we face many challenges—not just funding, but also execution." Addressing the private sector and investors, he remarked, "The land is ready for you; the state has made significant progress in preparing it. All we need from you is to work towards bringing this land into productive use, now that the necessary infrastructure is in place." He also pointed out that the average income from a feddan amounts to around LE 50,000, and the anticipated 800,000 feddans could generate around LE 30 billion annually. "We must seize this opportunity and not delay bringing these lands into production, as agriculture improves soil quality," he added. More Productive Livestock Sisi called for the replacement of livestock breeds within five years with more productive ones. "If in five years, more or less, we have replaced our livestock with breeds that yield more meat and milk, we will be significantly increasing benefits for the people." He further explained the need for detailed planning during challenging times, referencing a previous discussion about livestock improvement. He noted that such improvement can significantly multiply meat and milk production. President Sisi also raised concerns about the lack of a factory for producing powdered milk in Egypt, questioning, "Why has a factory for infant formula not been established yet? We import it instead. Let's address this issue and resolve it."
