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

Deal #1172 Version #51707

Egypt, Arab Rep.

Created at

2013-02-15

Last update

2020-06-05

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

[current] Food crops

Nature of the deal

Lease

Comment on nature of the deal

The land is offered on usufruct basis

Negotiation status

[2014, current] Concluded (Contract signed)

Implementation status

In operation (production)
[2017, current] In operation (production)

Leasing fees

Annual leasing fee

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).