Back to the complete issue
Thursday, 14 March 2019

Egypt to boost rice cultivation to 1.1 mn feddans

The Agriculture Ministry is planning to increase rice cultivation this year to 1.1 mn feddans, up from 800k feddans last year, in a bid to reduce Egypt’s reliance on imports, Minister Ezz El Din Abou Steit said, according to Al Watan. Egypt used to produce some 4.3 mn tonnes of rice a year, but the government recently adopted a strategy to save water by limiting water-intensive crop cultivation. However the minister said the use of new, drought-tolerant seeds will mean that the same amount of water will be used despite the increase in cultivation. The minister’s comments came on the same day that the General Authority for Supply Commodities announced a new tender for 20k tonnes of short or medium grain white rice.The deadline for submitting bids is 30 March and the shipments should arrive in June.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.