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· The Egyptian government targets raising the agricultural GDP by 11 percent by mid-2022 to LE821 billion (US$51.3 billion) as compared to the LE739.6 billion (US$46.2 billion) achieved in FY2021/22
· Presently, the share of agriculture in the GDP is 15 percent, and 18 percent in exports employing 25 percent of workers in the country
· Agriculture in 2021/22 will attract 5 percent of total investments. This is besides the private investments the sector can attract, which is estimated at LE30.3 billion (US$1.9 billion) to the sector
The Egyptian government targets raising the agricultural GDP by 11 percent by mid-2022 to LE821 billion (US$51.3 billion) as compared to the LE739.6 billion (US$46.2 billion) achieved in FY2021/22. Presently, the share of agriculture in the GDP is 15 percent, and 18 percent in exports employing 25 percent of workers in the country.
Agriculture in 2021/22 will attract 5 percent of total investments. This is besides the private investments the sector can attract, which is estimated at LE30.3 billion (US$1.9 billion) to the sector.
Egypt is trying to attract private investments in agriculture through a number of ways including offering tax incentives, providing subsidies and other sops. Being an agrarian economy , Egypt believes that its inclusive growth can be ensured only through upping the growth of the sector and by creating new avenues for investments in the food processing sector.
