ABE signs agreement to finance 1.5 million-feddan reclamation project
Alaa Farouk, Chairperson of the Agricultural Bank of Egypt (ABE), and Amr Abdel Wahab, Chairperson and Managing Director of the Egyptian Countryside Development Company, signed a cooperation protocol to finance investors in the 1.5 million-feddan reclamation project.
Farouk emphasized ABE’s keenness to cooperate with the Ministry of Agriculture and the Egyptian Countryside Development Company to contribute to the success of the 1.5 million-feddan project.
He pointed out that it is considered one of the most important national projects launched by President Abdel Fattah Al-Sisi as part of the “Step to the Future” programme to achieve sustainable development.
He stressed that this project will have a major role in achieving self-sufficiency of agricultural crops and bridging the food gap.
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