World News | 9 April 2014
Egypt plans to lease 60,000 feddans (25,200 hectares) of agricultural land this year to a firm affiliated with an Arab investment body, its agriculture minister said, in a bid to attract more investment from its Gulf allies.
Egypt is getting billions of dollars in aid from Gulf Arab states to help stimulate its economy and keep its politically charged streets calm in the hope that investors and tourists will return.
“We are discussing some alternative financing plans for our country. We plan to give some 60,000 feddans this year to a company shared with the Arab Authority for Agricultural Investment,” Agriculture Minister Ayman Abu-Hadid told Reuters on Tuesday on the sidelines of an Arab finance ministers summit in Tunis…
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