Egypt’s agritech sector is on the verge of a significant transformation, as highlighted in Entlaq’s inaugural report forecasting agricultural exports to reach $14 billion by 2030. This ambitious projection underscores the vital role of technology in addressing persistent challenges such as water scarcity and labor shortages, which have long plagued the agricultural landscape. The report outlines a strategic vision that prioritizes digital innovation, aiming to enhance agricultural productivity and food security across the nation.
The implications of this transformation are extensive. With agriculture contributing 11.6% to Egypt’s GDP and employing nearly one-fifth of the workforce, the sector is a cornerstone of the economy. The government’s commitment to invest over EGP 116.6 billion this fiscal year signals a robust push towards modernizing agriculture. Key initiatives are expected to drive a 20% increase in agricultural output, leveraging advanced technologies such as precision irrigation, the Internet of Things (IoT), and artificial intelligence (AI) platforms.
Startups like Mahaseel Masr are at the forefront of this movement, exemplifying the potential of agritech solutions. Their Qamhawey app, which allows farmers to monitor crops and access markets directly, reflects a growing trend towards digital tools that empower farmers and improve efficiency. Furthermore, the report anticipates the creation of over 50,000 new agritech jobs by 2030, a significant boost that aligns with Egypt’s goal of increasing wheat self-sufficiency from 47% to 70%.
As Egypt emphasizes digital transformation and sustainability, it is also attracting venture capital, solidifying its position as a key player in agritech innovation within the region. This influx of investment not only supports the growth of startups but also fosters an ecosystem conducive to further advancements in agricultural technology. The focus on sustainable practices and smart farming solutions is expected to resonate well with both local and international investors, paving the way for a more resilient agricultural sector in Egypt.
In summary, Egypt’s agritech sector is poised for a dynamic evolution, driven by strategic investments and innovative technologies that promise to enhance productivity, create jobs, and ensure food security for the future.
