Egypt’s Mshariq implements major organic agro-industrial project in New Valley

Egypt-based Mshariq Organic Agriculture is rolling out one of the country’s most advanced integrated organic agro-industrial projects in the New Valley Governorate, aiming to boost exports, create jobs and strengthen Egypt’s position in high-value agricultural markets, its chief executive said.

The company is currently implementing a 1,000-feddan land reclamation and development project in Farafra, scheduled for completion by the end of 2027, Abdel Rahman Eid, managing director and chief executive, told Zawya Projects.

He said the project combines organic cultivation with agro-industrial processing to maximise economic and environmental returns without disclosing the financial details of the project.

Founded in 2023 under Egypt’s Investment Guarantees and Incentives Law No. 72 of 2017, Mshariq has attracted nearly 100 shareholders, with nominal investments of about 50 million Egyptian pounds ($1.06 million). Its shares are registered with Misr for Clearing, Depository and Central Registry.

Eid said Mshariq has already completed the first phase covering 200 feddans, planted with moringa, a medicinal plant used in pharmaceutical and health products, and has completed its initial harvest with sales into both local and international markets.