Egypt aims to increase agricultural production to about EGP 1.34 trillion during the current fiscal year (FY) 2023/2024, with an annual growth rate of 4.1%, according to Ministry of Planning and Economic Development.
The ministry also aims to invest EGP 116.6 billion in the agriculture and irrigation sector during the current FY, with an increase of 71% YoY.
The private sector will monopolize about 44% of total agricultural investments.
Agricultural output represents about 11.3% of the gross domestic product (GDP) in FY 2023/2024.