25 March 2013

Egypt: 100,000 Feddans Offered for Agricultural Investment

The Cabinet agreed on the offering of 100,000 feddans through public auction for agricultural companies and individuals for agricultural investment in a number of national projects such as Toshka, Qattara Depression, Siwa and West Oweinat.

Minister of Agriculture and Land Reclamation Salah Abdel Mo'men said the Cabinet agreed on offering lands with areas of 1-5 thousand feddands for companies and 500 feddans for junior investors and 5 - 20 feddans for graduates and junior farmers.

The appropriation of these lands comes within the framework of a project for bridging the food gap, offered by the ministry and approved by the cabinet for the reclamation of one million feddans and the establishment of complementary villages absorbing 800,000 people.

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