The Minister of Housing, Utilities and Urban Communities, Dr. Mustafa Madbouli, has issued a decree authorizing the Ministry of Agriculture and Land Recruitment in collaboration with a number of national authorities to establish a public limited company on behalf of the Egyptian national company. for African investments. The Ministry of Agriculture and Land Reclamation will be financed from the budget of the project with the Egyptian farms with the African countries and will be included in the plan of the Ministry for the fiscal year 2019/2018.
This project is part of the implementation of the guidelines of President Abdel Fattah Al Sisi, President of the Republic, in the light of his visit to Tanzania in December 2017, the implementation of integrated plant and animal production projects with the State of Tanzania to take advantage of his vast animal kingdom, where the project is one of the Egyptian development projects, The African continent to improve the effective Egyptian presence in the African countries in general and the Nile Basin countries in particular.
The project aims to cooperate with African countries through the transfer of Egyptian technology and expertise in the field of agriculture and the opening up of African markets for Egyptian agricultural products, especially the varieties and crosses of Egyptian crops that are superior in their productivity.