Latest news with #NewEgyptianCountrysideDevelopmentCompany
Daily News Egypt
15-07-2025
- Business
- Daily News Egypt
Egyptian Countryside Development explores cooperation with Kharafi NatEnergy
Amr Abdel Wahab, Chairperson and Managing Director of the Egyptian Countryside Development Company, met with a high-level delegation from the Kharafi NatEnergy Group to discuss potential avenues for cooperation in infrastructure, energy, and water projects. The visiting delegation was led by Samir Farag, Chairperson of the Group, and included Magdy El-Badry, Chairperson of Kharafi Electric Company—a subsidiary of the group—along with Ahmed Hawara, Head of Development and Sales. The meeting was also attended by Venise Fayid, Advisor to the Chairperson of the New Egyptian Countryside Development Company. During the meeting, Abdel Wahab gave an overview of the national project to develop 1.5 million feddans, outlining its strategic phases and the latest updates. He underscored the project's role as a pillar of Egypt's sustainable development strategy and highlighted major milestones already achieved on the ground. Abdel Wahab emphasized that the project stands as a testament to the government's efforts to turn the vision of political leadership into a tangible and transformative reality. He also noted the successful establishment of the project's core infrastructure using advanced technologies, including the full deployment of telecommunications and electricity networks across various sites within the 'New Egyptian Countryside.' The discussion explored areas of mutual interest between the Egyptian Countryside Development Company and Kharafi Electric, particularly in infrastructure development, energy generation, and water management. Both parties expressed a shared commitment to enhancing cooperation in support of the national initiative, which aims to unlock Egypt's agricultural and developmental potential through the cultivation and modernization of vast land areas. The Kharafi NatEnergy delegation commended the achievements made by the New Egyptian Countryside Development Company, praising the scale and speed of implementation. They recognized the 1.5 million feddan project as one of Egypt's most significant national endeavors with the capacity to drive sustainable growth and resource optimization. Samir Farag and the accompanying delegation reaffirmed their interest in establishing a fruitful partnership to support the rollout of energy projects on the project's lands. They highlighted the strategic importance of aligning with the country's broader vision for sustainable development as Egypt moves forward with its 'New Republic' initiative. Both sides concluded the meeting by stressing the importance of strengthening joint efforts and strategic collaboration to advance shared development goals and ensure the successful realization of Egypt's ambitious agricultural and infrastructure transformation.
Zawya
12-03-2025
- Business
- Zawya
Egypt launches new initiative for expats to invest in 1.5mln Feddan Project
In a bid to enhance investment opportunities for Egyptians abroad, the New Egyptian Countryside Development Company has launched a new initiative titled 'Your Farm in Egypt,' in collaboration with the Ministries of Foreign Affairs and Migration and Egyptians Abroad Affairs. The initiative aims to enable expatriates to participate in the 1.5 Million Feddan Project, one of Egypt's largest agricultural and developmental undertakings. A Memorandum of Understanding (MoU) was signed between the Egyptian Countryside Development Company, represented by Amr Abdel Wahab, Chairperson and Managing Director, and the Ministry of Foreign Affairs, represented by Nabil Habashi, Deputy Minister for Immigration and Egyptian Expatriates' Affairs. This strategic partnership is designed to facilitate the engagement of Egyptians abroad in agricultural investments, contributing to economic growth and reinforcing Egypt's food security strategy. Abdel Wahab emphasized that 'Your Farm in Egypt' aligns with the national vision of involving all segments of society in major development projects. The initiative offers a direct link between expatriates and Egypt's mega projects, granting them a unique opportunity to invest in the agricultural sector and take part in the country's ambitious land reclamation and cultivation efforts. The 1.5 Million Feddan Project is a key pillar in Egypt's plan to expand agricultural production, enhance food self-sufficiency, and boost rural development. Through this initiative, Egyptians abroad will be able to acquire agricultural lands and engage in various agricultural and developmental activities, thereby strengthening their ties with the homeland while supporting Egypt's economic and agricultural expansion. Abdel Wahab noted that the government is committed to easing the investment process for expatriates by providing agricultural land, technical support, and logistical assistance throughout all project stages. He also revealed that the Egyptian Countryside Development Company is preparing a series of additional initiatives to expand investment opportunities for Egyptians abroad. These upcoming initiatives, developed in partnership with the Ministry of Foreign Affairs and other state entities, will further encourage diaspora participation in national development efforts.
Daily News Egypt
11-03-2025
- Business
- Daily News Egypt
Egypt launches new initiative for expats to invest in 1.5 Million Feddan Project
In a bid to enhance investment opportunities for Egyptians abroad, the New Egyptian Countryside Development Company has launched a new initiative titled 'Your Farm in Egypt,' in collaboration with the Ministries of Foreign Affairs and Migration and Egyptians Abroad Affairs. The initiative aims to enable expatriates to participate in the 1.5 Million Feddan Project, one of Egypt's largest agricultural and developmental undertakings. A Memorandum of Understanding (MoU) was signed between the Egyptian Countryside Development Company, represented by Amr Abdel Wahab, Chairperson and Managing Director, and the Ministry of Foreign Affairs, represented by Nabil Habashi, Deputy Minister for Immigration and Egyptian Expatriates' Affairs. This strategic partnership is designed to facilitate the engagement of Egyptians abroad in agricultural investments, contributing to economic growth and reinforcing Egypt's food security strategy. Abdel Wahab emphasized that 'Your Farm in Egypt' aligns with the national vision of involving all segments of society in major development projects. The initiative offers a direct link between expatriates and Egypt's mega projects, granting them a unique opportunity to invest in the agricultural sector and take part in the country's ambitious land reclamation and cultivation efforts. The 1.5 Million Feddan Project is a key pillar in Egypt's plan to expand agricultural production, enhance food self-sufficiency, and boost rural development. Through this initiative, Egyptians abroad will be able to acquire agricultural lands and engage in various agricultural and developmental activities, thereby strengthening their ties with the homeland while supporting Egypt's economic and agricultural expansion. Abdel Wahab noted that the government is committed to easing the investment process for expatriates by providing agricultural land, technical support, and logistical assistance throughout all project stages. He also revealed that the Egyptian Countryside Development Company is preparing a series of additional initiatives to expand investment opportunities for Egyptians abroad. These upcoming initiatives, developed in partnership with the Ministry of Foreign Affairs and other state entities, will further encourage diaspora participation in national development efforts.
