The Daltex Corporation has begun a plan to reclaim and develop 8,500 hectares in the New Valley governorate earlier this year. Hesham El-Naggar, managing director of Daltex, said that the company has acquired new agricultural land in New Valley last year, and will begin the development of several of these areas during 2019.
He explained that the company aims to export quantities of agricultural crops up to 194,000 tons of all the products in which it operates, the same quantities which were exported last year.
El-Naggar added that the company's most recent progress occurred during the latest export season, which amounted to 194,000 tons of exports, up from 180,000 tons in the previous season, which is an increase of 7.7%.
"The company did not aim to increase its contracts in terms of quantities during the current season, especially as many products have a large supply in the global market, which will make competition difficult," he told menafn.com.
