Browsing: Agriculture in Egypt

Culture Trip

Pyramids fade as Egypt’s agricultural innovation takes root

Agribusiness

The National Project for Developing the Egyptian Countryside is an initiative estimated to cost US$1.11 trillion. This project will impact at least 1,350,366 households. President Abdel Fattah al-Sisi said in January 2021 that the project would be completed in three years. US$519.28 million of the total funding will come from the International Fund for Agricultural Development (IFAD).

The government that took power in 2014 inaugurated a series of projects to reignite Egypt's economy. As a result, Egypt's planning minister, Hala al-Saeed, expects the country's economy to grow to 5.6 percent in the FY2021-22. Prime Minister, Mostafa Madbouly, referred to Haya Karima as an "icon" project that will help Egypt rebuild its economy and better the lives of more than half the population in Egypt.…

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Egypt aims to increase its agricultural production by 30% by 2024

Industry and Trade

Egypt aims to increase its agricultural production by 30 percent by 2024 and increase the gross domestic product of its agricultural sector to 12 percent in the same period.

According to Hala El-Said, Egypt’s Minister of Planning and Economic Development the sector will create job opportunities and increase small farmers income while increasing the country’s exports in agriculture. The agriculture sector will double its export shares to 25 per cent in 2024 from 17 per cent in 2020.

El-Said was speaking during a high-level dialogue on food security in the Middle East and North Africa (MENA) region hosted by the World Bank entitled “Food Security in the wake of the COVID-19 crisis: Pathways from crisis to recovery.”

The minister said that the agro-food sector incorporates food processing and agriculture as well as related inputs and trade. The agro-food sector makes up around 23.2 per cent of the added value labour …