UAE agribusiness in talks to acquire land in Egypt ...Iraq

Shafaq News/ Emirati agribusiness Al Dahra is in talks to acquire more agricultural land in Egypt, two sources with direct knowledge of the matter said, in a deal that could reduce Cairo's dependence on imports of staple crops but also reignite water use concerns. The sources did not say how close a deal might be, but the investment could potentially involve hundreds of millions of badly-needed dollars to reclaim desert and grow key crops such as wheat and corn. Al Dahra, half owned by Abu-Dhabi sovereign wealth fund ADQ, is in talks via its subsidiary Al Dahra Egypt with the Egyptian military's National Service Projects Organisation (NSPO) to buy land in Toshka in southern Egypt, but is

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UAE agribusiness in talks to acquire land in Egypt ...Iraq

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