Deal #1173

Egypt, Arab Rep.
Created at
2013-02-15
Last update
2024-04-10
Last full update
2024-04-10

Land area

Intended size
20 000 ha
Size under contract (leased or purchased area)
  • [current] 14000 ha
Size in operation (production)
  • [2015, current] 809 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

Intention of investment
  • [current] Food crops, Fodder (14000 ha)
Comment on intention of investment
Production of green fodder, corn silage, and wheat. The company no longer produces fodder plants.

Carbon offset project

Carbon offset project
No

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2001] Intended (Memorandum of understanding)
  • [2003, current] Concluded (Contract signed)
Comment on negotiation status
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

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."