The Egyptian state seeks to increase production, achieve food security, and increase the strategic stock of strategic goods, said Engineer Abdel Moneim Khalil, the head of the Internal Trade Sector at the Ministry of Supply.
The lake spans over 1.25 million feddans, and has shores extending on a total of 7,000 kilometers.
The General Authority for Fish Resources Development announced Saturday that the number of fish seeds planned to get introduced in the Nile River and lakes for FY2021/2022 is 47 million.
Head of Fisheries Affairs at the General Authority for Fish Resources Development Atef Megahed stated the figure in a phone-in Tuesday.
The union comprises Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan.
The official highlighted that the country does not rely on wild fishing solely.
The number of projects implemented there is 438.
On his side, Minister of Agriculture and Land Reclamation Al Sayed al-Qusair added that the ministry works on improving the heredity of cattle in Egypt.
The second phase of 'Safe Shore' has already begun.
Minister of Agriculture and Land Reclamation Al sayed al-Qusair received Tuesday the South Sudanese minister of animal resources and fisheries to discuss joint cooperation.
Meselhy detailed the three pillars of fish production development assumed by the authority.
Egypt ranks first in Africa and sixth globally in fish farming.
CBE said the decision targets companies whose business volume and annual revenues stand at about LE 50 million to LE 1 billion.
The natural fisheries in Egypt include “the Nile River, the canals, the banks and the lakes.”
The Ministry of Irrigation and Water Resources revealed the progress achieved in the North Sinai Development Project aimed at claiming 400,000 feddans.
The GDP is expected to hit LE 6 trillion ($358 billion) in the FY2019-2020, achieving a 5.6 percent growth driven mainly by five industries.
They also discussed measures taken to establish an Egyptian-Algerian fish farm in the Algerian city of Béchar.
Sherif Ismail, Agriculture Minister discuss preparations for inaugurating the 19th International Exhibition for the Management and Production of Poultry, Livestock and Fish