UAE’s Al-Nebras Group launches 2020 acre agricultural city in Beni Suef

Daily News Egypt
1 Min Read
An Egyptian farmer works in a field in the fertile Egyptian Delta region of Menufiya, in the city of Banha, 50 kms north of the capital Cairo, on May 28, 2012. Support for ex-prime minister and presidential candidate Ahmad Shafiq is strong in a region where former presidents Anwar Sadat and Hosni Mubarak were born and where their popularity his high, in contrast with a staunch opposition to the Muslim Brotherhood's candidate Mohammed Mursi. AFP PHOTO/MARCO LONGARI (Photo credit should read MARCO LONGARI/AFP/Getty Images)

The United Arab Emirates’ Al-Nebras Group recently launched the agricultural city Sheikh Mohammed bin Zayed Al Nahyan on an area of 2020 acres located in Beni Suef.

The ceremony was attended by former investment minister and Chairperson of Ayadi Company Osama Saleh, as well as head of the Consumer Protection Agency Atef Yacoub and Emirati businessman Saeed Swidan. A number of members of parliament and businessmen were also in attendance.

The project aims to distribute land to investors, giving them 60%, while the remaining 40% will be distributed among the youth.

Small-scale farmers are planning to receive 5 acres ready for agricultural use, which include a house and living facilities for support.

The project’s second phase will target the establishment of factories to store production and export it abroad.

 

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