Egyptian Countryside Development partners with Elsewedy Capital for agricultural investment project in Farafra, Siwa
Amr Abdel Wahab, the Chairperson and Managing Director of the Egyptian Countryside Development Company, recently signed an allocation contract with Ahmed El-Sewedy, the chairman of Elsewedy Capital Holding Company. According to the agreement, “The Food Platform,” an entity affiliated with Elsewedy Capital Group, has acquired a total area estimated at 15,000 feddan in the Farafra and Siwa extension areas.
The project will be financed and managed through one of the Elsewedy Capital companies. Engineering and drilling work are scheduled to commence within a few months, to complete all reclamation and cultivation tasks according to the feasibility study and the required timeline within two years.
During the signing ceremony, Abdel Wahab emphasised that the new contract aims to leverage the expertise of both companies in developing various projects, particularly in the agricultural and industrial sectors. Additionally, the project seeks to establish successful cooperation and production partnerships with major national companies, guided by a clear scientific vision.
El-Sewedy highlighted that “The Food Platform Company” represents Elsewedy Capital Group’s latest investment. The company was established to contribute effectively to economic development, specifically by reclaiming desert lands and cultivating them with crops such as wheat, corn, sunflowers, and soybeans. These efforts aim to meet local consumption needs, reduce food imports, and promote sustainable agriculture. El-Sewedy expressed hope that “The Food Platform” will emerge as a leading player in desert land reclamation, following global best practices for energy and water conservation while maximizing productivity.
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