Despite Egypt’s largely arid landscape, a number of factors have allowed the country to develop as an agricultural centre, including the fertile belt surrounding the Nile, a widespread and advanced irrigation system, and year-round sunshine. However, in recent decades, Egypt’s fast-growing population has largely outstripped the development of its production capacity, leaving the country dependent on food imports even for basic staples, including wheat, since 1974. This is set to change…
From The Report: Egypt 2018
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Agriculture remains an important part of the Egyptian economy, and a long-standing priority for the government has been to shift the agricultural balance of trade, with the country possessing the second-highest agricultural import expenditure as a share of export revenues in the region, at over 35%. To this end, improvements to irrigation systems and water management protocols have been planned and are coming to fruition. Meanwhile, the renowned Egyptian cotton industry, considered the international luxury standard for centuries, is experiencing a renaissance after several challenging years. With prices and global demand both on the rise, Egypt is hoping to ride the wave of this renewed popularity to a lucrative export market. This chapter contains an interview with Ashraf Mahmoud, Chairman and Managing Director, Al Nouran Group.