Agriculture min. asserts State's support for investors

CAIRO - 18 December 2020: Minister of Agriculture and Land Reclamation El Sayyed el Quseir asserted the State's support for investors and working on creating a conducive investment climate in the country.

This came during his meeting with chief executive officer of Al-Watania Pourtly in Egypt Khalid S. Abu Haimed and his accompanying delegation, with Deputy Minister of Agriculture for Livestock, Fisheries and Pourtly Affairs Moustafa el Sayyad and the Agriculture Ministry's leaders attending.

During the meeting, the minister lauded the size of the company’s projects in Egypt, stressing the State’s support for Integrated Pourtly Industry (IPI), as it provides job opportunities and distinct production and helps add value to the national income​.

He also welcomed Saudi investments in Egypt in view of the strong ties binding the two brotherly countries, which have witnessed great development in the recent period.

The Egyptian government works on removing all obstacles to investment, particularly Foreign Direct Investment (FDI), he added.

He said that the Agriculture Ministry had succeeded in obtaining the approval of the World Organization for Animal Health (OIE) in listing 14 areas in Egypt free of avian flu, a matter that would contribute to restoring Egypt's leadership in pourtly exports.

The minister further underlined that Egypt has huge and distinguished projects for pourtly production, citing the volume of investments in this field that exceeded EGP 100 billion and provided more than 3 million job opportunities.

Egypt managed to achieve self-sufficiency in pourtly production and the volume of its production is about 1.3 billion birds and 13 billion eggs, he said, noting that the Agriculture Ministry is working on tapping into foreign markets to export the surplus of the domestic market.

For his part, the CEO of Al-Watania Pourtly said the volume of the company's investments in Egypt exceeded EGP 10 billion, underlining that his company applied international quality standards, which enabled it to obtain many international certificates and awards in various stages of production.

He praised the Agriculture Ministry's support for Egyptian companies regarding their future career goals and expansions and the export file.