- News & Stories
- Food security in Egypt
Food security in Egypt
Port Said Grain Storage Facilities Project set to reduce agricultural losses
The Port Said Grain Facilities Project will boost food security in the country and reduce agricultural losses.
Egypt’s agriculture sector provides livelihoods for more than half of the country’s population and directly employs about 30 percent of the labor force. The sector accounts for about 20 percent of total exports and foreign exchange earnings. However, Egypt imports about 40 percent of its food requirements and incurs a significant total food import bill.
The OPEC Fund has worked with Egypt since 1976, approving 28 public sector loans for development operations in the country during this time.