Al Dahra – Egypt reveals strategic plan to bolster food security, local economy

Updated 11/19/2024 2:35:00 PM

Arab Finance: Al Dahra – Egypt, one of the largest and most innovative strategic investors in the sustainable agriculture sector, is planning to back food security and economy in Egypt, according to an emailed press release.

During a press conference, the company made this announcement while showcasing its business scale and strategy focusing on producing and exporting high-quality food products and animal feed.

The company owns 67,000 feddans with over 40,000 feddans of irrigated land across four farms in three strategic locations in Toshka, East Owinat, and Salheya. It also owns a 20-megawatt solar power station.

Moreover, it produces a variety of essential crops, including wheat, sugar beets, corn, animal feed, and citrus fruits, reinforcing its pivotal role in bolstering Egypt's food security.

Over the past three years, Al Dahra – Egypt has been successful in becoming the largest private-sector producer of wheat.

Since its inception, it has managed to cut the import bill by over $250 million, delivering 450,000 tons of wheat to government silos and producing more than 300,000 tons of corn and sugar beet.

The company also plays a major role in supporting Egypt’s economy and helping the country meet its foreign currency needs by exporting crops like citrus fruits to Europe and Southeast Asia,

In 2024, the company captured a spot among the top 10 producer/exporter of citrus in Egypt.

"We have invested more than $250 million, with a focus on land reclamation and the establishment of state-of-the-art sustainable agricultural projects. We will continue to invest to upgrading machinery, and irrigation systems, in addition to increasing our farmed land," Raouf Tawfik, CEO of ‘Al Dahra – Egypt’, stated.