The legislation grants administrative, financial, and technical independence to the authority, while settling the legal, regulatory, and operational arrangements resulting from the transfer.
The vote followed two days of deliberations in which lawmakers reviewed the bill’s provisions, objectives, and the mechanisms governing the authority’s work.
Presenting the joint parliamentary committee’s report, Constitutional and Legislative Affairs Committee Chairman Counsellor Mohamed Eid Mahgoub said the law would reorganize the authority as a special-purpose state body with greater administrative and financial flexibility.
The restructuring is intended to enable the authority to adopt more streamlined procedures and flexible operating methods as it expands its sustainable development activities, the report said.
It aims to balance competitiveness, governance, transparency, and disclosure with the requirements of national security.
The report described the authority as “a driver, facilitator, and partner in sustainable development,” rather than “an entity that dominates or monopolizes it,” saying the new framework would open the door to additional partnerships and investment.
Major projects
According to the report, the authority is implementing a project to reclaim and cultivate 4.5 million feddans, one of the largest agricultural expansion projects in Egypt’s history.
The project seeks to strengthen food security, expand cultivated land, and establish integrated production communities supported by modern infrastructure and management systems.
The authority has also established a grain-silo complex in the New Delta project with a storage capacity of 500,000 tonnes, described in the report as the largest of its kind in the Middle East.
The complex is expected to improve grain-storage efficiency, reduce losses, and strengthen Egypt’s ability to manage strategic reserves and respond to external supply disruptions.
The authority also operates 1,500 retail outlets under the “Super Tawfeer” brand, which sell essential goods to increase supply, stabilize markets, and offer products at affordable prices.
Its livestock projects have a targeted annual production capacity of around 180,000 head, supporting the supply of meat and dairy products and the development of food-processing industries.
The Sphinx Agricultural Commodities Trading Centre, another authority-affiliated project, has a handling and storage capacity of up to 20 million tonnes.
The authority also operates 12 poultry slaughterhouses as part of an integrated food-production and processing system.
In the energy sector, it is implementing renewable-energy projects with a combined capacity of 2,320 megawatts to supply clean power to development projects and support Egypt’s transition towards a more sustainable economy.
The authority is also working with the Ministry of Education and Technical Education and Italy’s ITSAgro Academy to establish 26 Egyptian-Italian applied agricultural technology schools.
The schools are intended to prepare qualified technical workers for the agriculture sector and equip students with skills matching labour-market requirements.
Food security and investment
The parliamentary report identified nine principal objectives for the law, including expanding agricultural reclamation, narrowing Egypt’s food gap, reducing dependence on imports, and increasing self-sufficiency in strategic commodities.
The law also seeks to facilitate the establishment of integrated urban, industrial, and logistics communities and allow Egyptian and foreign investors and national companies to manage and operate land and factories affiliated with the authority.
The report said this would improve the investment climate and create new employment opportunities, particularly for young people.
Other objectives include conserving foreign currency by replacing imports with locally produced goods, exporting surpluses, and supporting Egypt’s food, water, and energy security.
The law also establishes a new legal and regulatory framework that reflects the expansion of the authority’s investment and service activities and defines its governance, administrative affiliation, and oversight mechanisms.
Legal framework
The bill contains 13 promulgation articles, a publication article, and 81 substantive articles, divided into two parts and eight chapters.
The parliamentary committee said the legislation was consistent with Articles 27 and 28 of the Egyptian Constitution.
Article 27 provides that the economic system should achieve prosperity through sustainable development and social justice, raise economic growth, create employment, reduce unemployment and poverty, and promote transparency, governance, competitiveness, and investment.
Article 28 requires the state to protect economic, productive, service, and information activities, increase their competitiveness, attract investment, increase production, encourage exports, and regulate imports.
The report said the authority’s independence would give it greater flexibility to manage strategic projects, improve efficiency, and establish more advanced systems of oversight, transparency, and administration.
It said the law would usher in “a new phase of institutional work” and strengthen investor confidence by aligning the authority’s operations with international institutional practices.
The committee concluded that the legislation represents “a new milestone” in developing the authority and consolidating its position as one of the state’s principal development arms.
The Future of Egypt Authority traces its origins to the Future of Egypt agricultural project, inaugurated by President Abdel-Fattah El-Sisi in May 2022 and supervised by the Egyptian Armed Forces.
The project was launched as the first component of the wider New Delta initiative, with an initial target of reclaiming 1.05 million feddans out of the New Delta’s planned 2.2 million feddans.
It has since expanded beyond agricultural reclamation and crop production into food security, agro-processing, grain storage, logistics, commodity trading, livestock, fisheries, infrastructure, renewable energy, retail distribution, technical education, and investment partnerships.
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