Think Teda, but agricultural: A coalition of Chinese companies has been established to develop a 1 mn feddan integrated farming zone in the New Valley Governorate, following discussions between Prime Minister Mostafa Madbouly and representatives of the Egyptian-Chinese Businessmen Association, according to a cabinet statement. The plan will follow the framework of Ain Sokhna’s China-Egypt Teda trade zone and will be developed in cooperation with the Egyptian public and private sectors, Egyptian-Chinese Businessmen Association Secretary General Mohamed Alaa El Din said.

The details: The project will prioritize cultivating high-value crops such as medicinal and aromatic plants and establish greenhouses for fruit cultivation aimed at exports to European markets. Plans also include advanced agricultural research centers and an industrial complex for agricultural manufacturing.

What comes next: While timelines and financing remain under wraps, the government has pledged to remove any hurdles that could delay implementation.

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