OBG: Emerging Egypt 2009 - Agriculture
21 Oct 2009 (8 Pages)
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Abstract
Egypt’s agricultural sector has expanded impressively over recent decades. Annual average growth reached 2.6% for the sector as a whole during the 1980s, increasing to 3.4% in the 1990s and 3.97% in the 2005/06 fiscal year. Sector-wide investments increased from $70m in 1982 to $1.8bn in 2007. The sector accounts for 17% of GDP and 20% of all exports, providing an important source of foreign-exchange earnings. Agriculture also employs about 30% of Egypt’s total labour force and reclamation plans are expected to generate another 440,000 jobs by 2011. The government aims to realise growth of 4.1% per year in agricultural output. The largest output in 2005/06 was grain, followed by vegetables, fruits, fibres and oil grains. Even given recent successes, Egypt’s farmers and agricultural labourers have recently had to cope with rising production costs due to increases in the price of fertiliser and energy prices. The government has made efforts to offset these price increases such as doubling the price paid to Egyptian farmers for wheat and corn and increasing bread subsidies. Water concerns and local and global good security will continue to preoccupy the Egyptian government.
This chapter provides interviews with Amin Ahmed Abaza, Minister of Agriculture and Land Reclamation; and Tarek Zakaria Tawfik, Managing Director, Farm Frites.
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This chapter provides interviews with Amin Ahmed Abaza, Minister of Agriculture and Land Reclamation; and Tarek Zakaria Tawfik, Managing Director, Farm Frites.
View Table of Contents
View Sample Chapter for Free - The Economy






