Agriculture

Characterised by the predominance of smallholders, Egypt’s agriculture sector is currently witnessing greater investor interest, including capital injections for large-scale projects and a nationwide emphasis on land reclamation for agricultural development. Constraints on Egypt’s agriculture sector over 2015 include evolving subsidy reforms (beginning in July 2014), which has meant a rise in fertiliser prices of between 33% and 50%, along with the impact on distribution due to the higher cost of natural gas, leaving domestic production of fertiliser unprofitable. Inconsistent Customs procedures add to inefficiencies and delays. Insecurity, though improving, has also added to delays. However, high-quality exports are expected to lead the way. The agriculture export sector has come out healthy following the political unrest beginning in January 2011 and is still standing on its feet. It remains well positioned within the wider Egyptian economy as a sector that commands a competitive advantage and significant future potential.

This chapter contains an interview with Alaa Diab, CEO, Agriculture Group - PICO; and Member of the Board, Agriculture Export Council.