Al Dahra Agriculture Egypt announces plans to invest US$30M in expansion over three years
EGYPT – Al Dahra Agriculture Egypt, a subsidiary of the United Arab Emirates-based Al Dahra agribusiness group, is allocating US$30 million to expand its agricultural operations in Egypt over the next three years.
The announcement was made by the company’s CEO, Raouf Tawfik, during a statement reported on Tuesday, November 19, by Zawya Media.
The investment will focus on increasing production and processing capabilities for key crops. The company’s agricultural portfolio includes cereals such as wheat and corn, citrus fruits, and sugar beets.
“Our current plan prioritizes the cultivation of essential crops, enhancing exports, and adopting sustainable farming methods to maximize yield per acre,” said Tawfik.
He added that the company will direct funds toward upgrading machinery, modernizing irrigation systems, and expanding cultivated land.
Al Dahra manages approximately 66,700 acres of farmland in the New Valley and Ash Sharqiyah governorates.
The new financial injection is expected to support Egypt’s efforts to increase its agricultural output and boost exports in the coming years.
Data from Egypt’s Ministry of Agriculture shows agricultural exports generated US$4.1 billion between January and October 2024, marking a 32% rise compared to the same period in 2023.
Agriculture contributes 10% to the country’s GDP and provides employment to about 19% of the labor force.
In 2021, Egypt’s leading crops were sugar beet, sugar cane, and wheat.
Chickens are the most abundant livestock in Egypt, followed by rabbits, hares, and cattle.
The gross production value of Egypt’s agricultural market is projected to be US$25.05 billion in 2024, with an annual growth rate of 2.63% from 2024–2029.
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