ECDC to allocate 35k feddans for olive, date production to foreign investors

The state’s Egyptian Countryside Development Company (ECDC) is expected to sign agreements with foreign investors to allocate 35k feddans of land for olive and date production and olive oil extraction, Chairman and Managing Director Atter Hannoura announced. The projects are part of the ECDC’s work on the Sisi administration’s initiative to reclaim 1.5 mn feddans of desert land for agricultural use. ECDC is also planning to meet with investors from Saudi Arabia, the UAE, Libya, Sudan, and Jordan to look into other potential agricultural projects.