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Daily News Egypt
15-07-2025
- Business
- Daily News Egypt
Al-Sisi reviews Egypt's food security, strategic commodity reserves
President Abdel Fattah Al-Sisi held a high-level meeting on Tuesday with key government officials to review Egypt's food security strategy and assess the status of the country's strategic commodity reserves, according to a presidential statement. The meeting included Prime Minister Mostafa Madbouly, Minister of Supply Sherif Farouk, Minister of Agriculture Alaa Farouk, and the Executive Director of the 'Future of Egypt' Development Authority. Presidential spokesperson Mohamed El-Shenawy confirmed that Egypt's strategic reserves of essential goods—including wheat, sugar, vegetable oils, meat, and poultry—remain stable and sufficient. Discussions highlighted recent procurement agreements, including the purchase of 3.4 million tonnes of wheat, 192,000 tonnes of crude vegetable oils, 4,000 tonnes of frozen poultry, and 6,000 tonnes of frozen meat. The government also reaffirmed its commitment to diversifying import sources to mitigate risks from global supply disruptions. President Al-Sisi stressed the importance of full coordination among relevant agencies to ensure an integrated approach to national food security. Special emphasis was placed on collaboration with the 'Future of Egypt' authority to boost cultivation of strategic crops in the New Delta project and advance self-sufficiency goals. The meeting also covered regulatory efforts related to bakeries, mills, and local markets, alongside progress in the rollout of 'One-Day Markets.' A total of 200 such markets were launched in November 2024, with another 200 planned for May 2025. On the retail front, officials discussed plans to attract foreign investment and expand commercial infrastructure, with new retail chains slated for El-Obour, Nasr City, and Qalyoub. Preparations are also underway to launch 'Carry On,' the country's first government-backed retail brand, in partnership with the private sector. Additional topics included the digital transformation of Egypt's agricultural sector, updates to subsidy recipient databases, and the establishment of the national commodities exchange. Registration of exporters and importers on the exchange platform has begun, and a draft law to formally regulate its operations—based on international standards—is in development. The meeting also addressed the production and distribution of fertilizers, particularly nitrates and urea, with Al-Sisi calling for gradual reforms that support farmers while maintaining food security. The president underscored the need to improve local cattle breeds to boost meat and dairy production, as part of broader efforts to enhance agricultural output and reduce reliance on imports.
Zawya
15-07-2025
- Business
- Zawya
President El-Sisi Meets the Prime Minister, Minister of Supply, Minister of Agriculture
Today, President Abdel Fattah El-Sisi held a meeting with Prime Minister Dr. Mostafa Madbouly, Minister of Supply and Internal Trade Dr. Sherif Farouk, Minister of Agriculture and Land Reclamation Alaa El-Din Farouk, and Executive Director of the 'Future of Egypt for Sustainable Development' Authority, Colonel Dr. Bahaa El-Ghanam. Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said that during the meeting the availability of strategic reserves of essential commodities, particularly wheat, sugar, oil, meat, and poultry was confirmed. It was stressed that Egypt's food security is in a stable and reassuring state. The meeting reviewed details pertaining to contracts for the purchase of strategic commodities. These included contracts for the acquisition of 3.4 million tons of wheat, 192,000 tons of crude oil, 4,000 tons of frozen poultry, and 6,000 tons of frozen meat. Furthermore, it was noted that the State seeks to diversify its sources for wheat imports to ensure the availability of adequate quantities and avoid potential crises. President El-Sisi stressed the importance of full coordination among all state bodies concerned with food security, so as to ensure harmony among these institutions, facilitate their effective implementation and confirm alignment with state policies. The meeting highlighted the importance of cooperation among the relevant state authorities and 'The Future of Egypt' Authority to designate the areas within the New Delta to be cultivated with strategic crops, thereby maximizing planted acreage and increasing the self-sufficiency rate. The meeting also discussed efforts underway to ensure the efficient operation of bakeries, mills, and markets and reviewed progress on the "One-Day Market" initiative. The first phase of the initiative was launched in November 2024 with 200 markets, and the second phase began in May 2025 with more than 200 additional markets. The discussion tackled efforts to establish partnerships with the private sector, attract foreign investments in the retail sector, and establish commercial chains in Obour City, Nasr City, and Qalyub. The meeting also reviewed the Ministry of Supply and Internal Trade's efforts and preparations to launch a government commercial chain under the name "Carry On", marking the first unified brand in partnership with the private sector. Furthermore, the meeting reviewed efforts exerted to develop internal trade and to refine the databases of government subsidy beneficiaries, ensuring that support reaches those who meet the relevant criteria and conditions. Additionally, the meeting included detailed discussions on food security, the operational status of the Commodity Exchange, and the government's efforts to activate it as a safeguard for markets and an effective price-regulation mechanism. This initiative is expected to boost food security and ensure the sustainable availability of essential goods at reasonable prices, balancing the interests of producers and consumers, while supporting the agricultural and industrial sectors. It was noted that exporters and importers have begun registering in the Commodity Exchange, which is set to become the unified platform for importing and exporting goods. A draft law is currently being prepared to regulate the exchange, drawing on legislation from other countries with similar systems. The meeting also reviewed the state's policies for growing and supplying strategic crops, efforts toward digital transformation and technological integration in agriculture, and strategies to reduce agricultural expenditures. The status of the fertilizer sector, particularly nitrates and urea was discussed, with a strong emphasis on implementing gradual and balanced reforms to protect farmers and ensure food security. Finally, the meeting focused on initiatives to improve agricultural land, adopt mechanization, and enhance the productivity of red meat and dairy sectors. President El-Sisi stressed the importance of improving local livestock breeds to increase their yield in both meat and milk production. Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.
Asharq Al-Awsat
01-06-2025
- Business
- Asharq Al-Awsat
Egypt Plans Desert City Supplied with Diverted Nile Water
Egypt unveiled plans on Sunday to build a desert city that will see about 7% of Egypt's annual Nile River quota rerouted from fertile delta land to pass by upscale glass-fronted housing units and eventually a large agricultural project. Egypt, facing mounting water shortages, power constraints, and a deepening economic crisis, wants the development to help increase the value of state assets and boost land prices through "non-traditional, innovative ideas," Prime Minister Mostafa Madbouly said in a statement announcing the project. About 10 million cubic metres of Nile water will flow daily to the 6.8 million sq metre (2.63 sq mile) Jirian city, 42 km (26 miles) west of downtown Cairo, helping irrigate a 2.28 million acre New Delta agricultural project, developers said. Three private developers signed the official agreement, with the state represented by Mostakbal Misr for Sustainable Development, a military-affiliated agency. The project will include residential units, commercial zones, a yacht marina and a free economic zone.
Reuters
01-06-2025
- Business
- Reuters
Egypt plans desert city supplied with diverted Nile water
CAIRO, June 1 (Reuters) - Egypt unveiled plans on Sunday to build a desert city that will see about 7% of Egypt's annual Nile River quota rerouted from fertile delta land to pass by upscale glass-fronted housing units and eventually a large agricultural project. Egypt, facing mounting water shortages, power constraints, and a deepening economic crisis, wants the development to help increase the value of state assets and boost land prices through "non-traditional, innovative ideas," Prime Minister Mostafa Madbouly said in a statement announcing the project. About 10 million cubic metres of Nile water will flow daily to the 6.8 million sq metre (2.63 sq mile) Jirian city, 42 km (26 miles) west of downtown Cairo, helping irrigate a 2.28 million acre New Delta agricultural project, developers said. Three private developers signed the official agreement, with the state represented by Mostakbal Misr for Sustainable Development, a military-affiliated agency. The project will include residential units, commercial zones, a yacht marina and a free economic zone.
See - Sada Elbalad
30-05-2025
- 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
