Egypt has adopted policies that establish a friendly environment for investments in agriculture by providing the necessary infrastructure in the newly reclaimed lands, such as roads, services, lines of credit at a reasonable cost and tax exemption for several years. To encourage agricultural investment in Egypt, the government has drawn a map of agricultural areas, arable areas, natural reserves, as well as the location of conventional and unconventional water resources. In 2007, the first step to modernize agriculture was taken by converting it into a sector run according to the free market economy mechanism as part of the economic liberalization program.
Points of strength in the landscape of investment in Egypt’s agricultural sector are evident in the following:
Work has started to establish national infrastructure, provide the necessary irrigation water for areas included in the project in coordination between the ministries of agriculture and irrigation. At the same time, the ministry of housing will provide sketches for models of towns and cities to be built.
Image Source: Reuters Pictures
EPC | 16 Jul 2020
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