And why Date palm specifically?
Date Palms are one of the most important treasures in the Arab Republic of Egypt, which has been famous for its nutritional value in the oases and many agricultural areas of Egypt throughout the ages. Accordingly, Egypt has ranked in first place among the date producing countries in the world.
Egypt, Crops and Strategic location
Egypt is characterized by its geographical location and diversity of crops, also, it’s being close to the European Union countries, which gives good competitiveness of Egyptian products if the quality aspects are taken into consideration.
Why agricultural investment?
Agricultural investment is an area of high returns when compared to other sectors such as real estate and stocks, where returns may exceed 50%, while real estate investment does not exceed 15% at its highest level.
Why Egypt for Medjool date palm?
Egypt is blessed by the availability of the main factors of date cultivation in terms of:
- Arid desert climate: Baharia Oasis has a warm and dry atmosphere, which helps the growth of Medjool date palm.
- Fertile soil: virgin land is characterized by the quality of its elements and purity.
- Water: Provides freshwater as the Western Desert in Egypt is floating on a sea of water, the Great Nubian Reservoir, which is one of the largest aquifers in the world.
Why Medjool date palm?
Medjool is considered one of the high-quality dates that are required globally, especially in Europe, the United States, Asia, and other countries. It is nicknamed the King of Dates because of its taste, shape, and fine quality.
Why invest in date palm other than the rest of the crops?
Agriculture is divided into two types: seasonal and Long-term tree plantation. Seasonal varieties require intensive and continuous care to ensure product quality and appropriate logistical capabilities to discharge production.
Tree cultivation is less risky than seasonal crop cultivation. Palm cultivation is characterized by its suitability to the desert environment and its ability to cope with the hot weather and the nature of Sahara. Semi-dry dates are easy to store and sell all year round, unlike other wet varieties that need to be discharged seasonally as in Barhi dates.
International Exports: Egyptian dates are being exported to more than 42 countries all over the world.
Enormous Growth: In 2018, Egyptian exports have increased by 100% compared to the last 2 years.
Egyptian Dates Production: Over 2 million tons, totaling for up to 22% of world production.