Egypt and South Korea are teaming up to build a large agricultural complex that’s full of renewable energy and smart greenhouses. The new city will be located in Egypt near the Mediterranean shore. With the massive growth of middle-class consumers coming into the country over the next decade, this new area will provide a wealth of sustainability.
The deal between Egypt and the South Korean Korea-Arab Society (KAS) was signed back on August 15th and is worth around $10 billion USD. Across over 311,400 acres of land, there will be 50,000 smart greenhouses, desalination and solar power plants, and they will specifically be cultivating stevia. This product is a healthy substitute for sugar, being sweeter and doesn’t raise blood sugar like other sweeteners.
All facilities will be located in the Qattara Depression, which is northwest of Egypt. Because it’s in the second lowest point of Africa, the area is rich with fertile soil from the Nile Delta. This will be the fuel for all the smart greenhouses in the area.