Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1173

Deal #1173 Version #51720

Egypt, Arab Rep.

Created at

2013-02-15

Last update

2020-07-16

Last full update

2024-04-10

Land area

Intended size

20 000 ha

Size under contract (leased or purchased area)

[current] 14000.0 ha

Size in operation (production)

[2015, current] 809.0 ha

Comment on land area

According to the company's website this project is approximately 14,000 ha, other sources state 20000ha. In 2015, it was using only 2,000 acres as it minimises its investment.

Intention of investment

[current] Food crops (14000.0 ha)

Comment on intention of investment

The company no longer produces fodder plants.

Nature of the deal

Lease

Comment on nature of the deal

30 year renewable lease

Negotiation status

[2003, current] Concluded (Contract signed)

Comment on negotiation status

renewable. Another data resource claims the land was acquired in 2007. It could be that the investor originally obtained 20 000ha in 2003 and then reduced their investment to 14 000ha in 2007.

Implementation status

[current] In operation (production)

Comment on implementation status

By the end of 2015, the company was looking on exiting Egypt wheat investment (East Oweinat) because of poor infrastructure. It is not clear if they are still operating.

Leasing fees

Comment on leasing fee

"There was a small fee which we had to pay for the paperwork."