Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1172

Deal #1172 Version #51706

Egypt, Arab Rep.
Created at
2013-02-15
Last update
2020-05-08
Last full update
2024-03-11

Land area

Size under contract (leased or purchased area)
  • [2014, current] 40468.0 ha
Comment on land area
100000 acres- 40468ha. Another source states 100 000 feddans- 42 000ha. One source states that contract signed for 100,000 feddans, but it would be handed out over phases.

Intention of investment

Intention of investment
  • [current] Food crops

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
The land is offered on usufruct basis

Negotiation status

Negotiation status
  • [2014, current] Concluded (Contract signed)

Implementation status

Implementation status
  • In operation (production)
  • [2017, current] In operation (production)

Leasing fees

Annual leasing fee
50
£
Comment on leasing fee
LE50 (US$3) per feddan compared to market prices at the time of LE11,000 EGP (US$637) per feddan. Data from media source but original source from a report by Central Auditing Authority in 2014 (it is not clear if this report was publically avaiaible at the time).

Contract farming

Contract farming
No