Latest news with #FutureofEgyptforSustainableDevelopmentAuthority
Middle East
21-05-2025
- Business
- Middle East
OPEN// Sisi opens phase one of "Future of Egypt" industrial city
CAIRO, May 21 (MENA) – President Abdel Fattah El Sisi inspected by air the new "Future of Egypt" City and inaugurated the first phase of its industrial complex in the Sheikh Zayed Axis of Giza. He also launched the harvest season in several regions and opened new infrastructure linked to food production and agricultural development. The ceremony included a presentation by Executive Director of the Future of Egypt for Sustainable Development Authority, Colonel Pilot Bahaa El Ghannam, who reviewed efforts for the reclamation of 4.5 million feddans by December 2025, adding 800,000 new feddans to the cultivated area. He added that the total arable land is expected to reach 13.5 million feddans by 2027. These efforts are intended to improve food security, reduce import costs, and increase exports. The president also reviewed projects in renewable energy, storage, feed production, digital transformation, and food processing. Some companies affiliated with the Future of Egypt agency will offer 30% of their shares for public subscription. Their annual output is valued at EGP 100 billion. Sisi opened harvest activities in East Oweinat, Aswan, and Sadat City via video and inaugurated the agency's headquarters in Almaza. He later visited grain silos and agricultural facilities before concluding with a visit to the agency's central administration, where he met with officials and staff. (MENA) H A T/R G E
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:
Al-Ahram Weekly
21-05-2025
- Business
- Al-Ahram Weekly
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. "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. *More to follow ... Follow us on: Facebook Instagram Whatsapp Short link:
Zawya
23-04-2025
- Business
- Zawya
Local wheat procurement price surpasses global rate: Egypt's Supply Minister
Egypt - Minister of Supply and Internal Trade Sherif Farouk announced that the 2025 local wheat procurement season has launched on a strong note, reflecting the state's ongoing commitment to supporting Egyptian farmers and bolstering national food security. Farouk emphasized that the government has set a highly competitive and fair procurement price—above the current global market rate—to ensure farmers receive a rewarding return on their harvest and are encouraged to deliver their crops to official collection points. 'All indicators so far are encouraging,' the Minister stated. 'We are confident in meeting our targeted quotas thanks to the comprehensive preparations and facilities made available for this season.' To support efficient procurement, the government has mobilized all relevant entities, including the Future of Egypt for Sustainable Development Authority, the Holding Company for Silos and Storage, affiliated milling companies under the Holding Company for Food Industries, and the Agricultural Bank of Egypt. These organizations are working in full coordination to ensure streamlined operations across all governorates. Farouk confirmed that more than 420 delivery and collection points have been prepared nationwide to ease the logistical burden on farmers and simplify the delivery process. Additionally, he assured that financial dues to suppliers will be disbursed within 48 hours of wheat delivery, underscoring the state's commitment to providing farmers with prompt support and financial stability. To monitor the season's progress, the Ministry has set up a central operations room operating around the clock, in addition to local operations rooms in all supply directorates to oversee implementation on the ground and respond swiftly to any emerging issues. 'This season is promising—not only for farmers but for Egypt's food security strategy,' Farouk said. 'We urge all farmers to seize this opportunity, deliver their harvests promptly, and benefit from the favorable pricing and support services provided by the state.' The Ministry's proactive measures aim to enhance the strategic stockpile and contribute to long-term national food security, while ensuring a fair and efficient wheat marketing system for local producers.
