This took place in the presence of Representative Hisham El-Hossary, Chairman of the Agriculture Committee in the House of Representatives, and Representative Abdel Salam El-Gebaly, Chairman of the Agriculture Committee in the Senate. The committee also included Representative Abdel Hamid El-Demerdash, Chairman of the Agricultural Export Council, Representative Magdy El-Walily, a member of the African Affairs Committee in the House of Representatives, and a number of investors in the agricultural sector and experts appointed by the Ministry of Agriculture.
Minister Farouk emphasized President El-Sisi's directives to
enhance Egyptian cooperation with African countries, especially in the
agricultural sector, and to increase agricultural investment opportunities,
thereby securing food stability between Egypt and the African continent. He
noted the substantial potential within numerous African nations for successful
agricultural investments and the expansion of strategic and economic crop
cultivation, leading to mutual benefit.
Discussions at the meeting centered on the potential for
creating an agricultural investment model applicable to several African
nations. Important determinants taken into account included their political
stability, the presence of adequate transportation infrastructure, land
quality, water resources, and diverse agricultural inputs. The session also
involved a review of multiple models conducive to the growth of Egyptian
agricultural investments.
It was agreed by the attendees to develop a clear,
comprehensive, and in-depth study of a successful model from strategically
prioritized African countries offering significant agricultural investment
opportunities and favourable investor facilities. The initial phase involves
identifying a select group of countries based on well-defined criteria focused
on investment security and minimal risk. Additionally, there was an agreement
to invite businesspersons and investors to examine these models and establish
collaborative ventures among the government, the private sector, and national
banks to enhance agricultural investment prospects in African countries.
This meeting represents a continuation of ongoing coordination between the Ministry of Agriculture and the African Affairs Committee of the House of Representatives, aimed at increasing investment opportunities and agricultural cooperation within African nations, and proposing the formation of a standing committee for investment opportunity analysis.