Arab Finance: Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, met with a company delegation UAE agricultural phenomenonOne of the largest companies operating in the field of agricultural production operating in Egypt, the meeting reviewed the company’s existing projects and its future plans towards expanding its activity in Egypt during the next stage, within the framework of the state’s direction towards encouraging investments in various agricultural sectors.
Al-Khatib stressed the ministry’s keenness to provide all aspects of support and facilities to investors, and to provide an investment environment that is attractive and encouraging for investment in Egypt. Pointing out the importance of the agricultural investment sector in providing the needs of the local market and increasing Egyptian exports to foreign markets.
For his part, Engineer Raouf Tawfik, the company’s executive director in Egypt, pointed out the company’s aspiration to expand its investments in the agricultural sector in Egypt and support its exports, in addition to adopting sustainable agricultural methods, pointing out that the company has been operating in Egypt since 2007, and its investments amounted to $250 million. With the aim of enhancing food security and increasing the financial return per acre. The company owns 3 major agricultural projects extending over an area of ​​67 thousand acres in Toshka, East Al-Owainat, and Al-Salhiya. It is also one of the largest companies exporting citrus fruits from Egypt and the largest producer of wheat and corn that is marketed locally.
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