Egypt Archive

  • Emirates seek overseas feed supply

    Emirates seek overseas feed supply

    Abu Dhabi’s Al Dahra Agricultural Company is halfway through a plan involving more than 60,700 hectares of farmland in Europe, the US, south Asia and north Africa to boost the UAE’s food security.
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    Citadel Capital Corp., an Egyptian private-equity firm with $8.3 billion in investments, said one of its companies received a $4.9 million loan from Bank of Khartoum for the plantation of land in Sudan.
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    Wafra, Citadel Capital’s agriculture platform in Sudan, said its portfolio firm has obtained a $4.9 million loan from Bank of Khartoum to support the farming of its first 2,076 acres of sorghum.
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    Standard Bank plans to finance more land deals involving South African farmers seeking expansion opportunities across the continent to grow export crops, the bank said on Friday.
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    A South African farmers group said on Friday it had received fresh offers from African states, including Sudan and Mozambique, to invest in agriculture to grow export crops and some of the deals will be concluded soon.
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    While some North African countries are selling land, others struggling with dry climates are starting to buy land tracts overseas and in other African nations to feed their own growing populations.
  • UAE takes rapid steps towards food security

    UAE takes rapid steps towards food security

    The UAE has embarked on an overseas investment spree to ensure domestic food security in a country with miniscule arable area -- a spree that will only grow
  • Saudia Arabia eyes US for ag investing, contracts

    Saudia Arabia eyes US for ag investing, contracts

    Saudi Arabian investors are looking to expand their agricultural investments in the United States to secure long-term food supply because of water shortages in the desert kingdom, Saudi officials said on Thursday.
  • Citadel turns to agriculture in search of investment

    Citadel turns to agriculture in search of investment

    Egyptian private equity firm Citadel Capital is seeking to buy Kenya’s firms and long-term land leases as it seeks agro-based raw materials to feed its food business.
  • African land grab not a cure to Arab food concerns

    African land grab not a cure to Arab food concerns

    Interview with Wadid Erian of the Arab Centre for the Studies of Arid Zones and Dry Lands.
  • Wafra Portfolio Company to build Sudan’s first large-scale commercial rice farm

    Wafra Portfolio Company to build Sudan’s first large-scale commercial rice farm

    El-Nahda for Integrated Solutions signed an agreement with the White Nile Governorate for a 30-year lease on 60,000 feddans [25,210 ha] of land on which it will build a large-scale commercial rice farm.
  • African landrush

    African landrush

    Countries that have recently invited India, through the ministry of agriculture, to lease land for farming include Egypt, Ethiopia, Mongolia, Senegal, Sudan, Trinidad and Tobago and Tunisia.
  • Sudan contributes in Mahaseel Agricultural Investment Fund

    Sudan contributes in Mahaseel Agricultural Investment Fund

    The fund is targeting individual investors and institutions as well as government-owned funds in the region, and will focus on the production of crops and livestock in Sudan and food processing in Egypt.
  • Beltone to launch $1 bln Sudan agriculture fund

    Beltone to launch $1 bln Sudan agriculture fund

    "We are launching the fund with the aim of deploying up to $1 billion for large-scale agricultural projects," Beltone told Reuters.
  • Govt says Saudi land deal in Toshka was a mistake

    Govt says Saudi land deal in Toshka was a mistake

    Minister says the contract did not give a deadline for the investor to complete his project, which means the government is powerless to withdraw the land from Saudi Prince Talal.
  • Prince Alwaleed to sell 50 pct of Egypt Toshka

    Prince Alwaleed to sell 50 pct of Egypt Toshka

    Saudi billionaire Prince Alwaleed bin Talal has received approval from Egypt's Ministry of Agriculture to sell 50 Pct of his agricultural firm, which is developing the Toshka agriculture project in southern Egypt, and to invite Asian investors to join the project.
  • Egypt offers 50,000 acres of farmland for agri-products

    Egypt offers 50,000 acres of farmland for agri-products

    Egypt will invite bids in March for 50,000 acres of land in North Sinai for agro-business projects under a new land scheme that could bring in as much as 66bn Egyptian pounds ($12bn) by 2020.
  • Egypt and Uganda mull wheat farmland options

    Egypt and Uganda mull wheat farmland options

    Three options both governments were looking at are whether Egyptian investors would own and cultivate farmland, whether land would be owned in partnership with Egypt and Uganda, or whether land would be owned as a concession right.
  • Egypt leases land in Uganda to ensure food security

    Egypt leases land in Uganda to ensure food security

    While the proposed deal brings up ethical questions of exploitation, another concern is how it will impact earth changes and food security in the future.
  • Sudan firm in talks with Hassad

    Sudan firm in talks with Hassad

    A delegation of top Kenana Sugar officials is in Doha to hold talks with Qatar’s Hassad group to create one of the world’s biggest food producing companies with a view to ensuring food security in the Arab world.