This study aims at measuring the efficiency of investment in pomergranate orchards in newly reclaimed land, quantifying the potential impacts of changes in major technical and economic variables on efficiency, and determining the Switching Value for the most affecting variables. A sample of 60 farms, located in West EL Menia, was surveyed and post-stratified into small size Orchards (10 faddans and less) and large size orchards (more than 10 faddans) to generate technical coefficients. Cash flow was prepared per faddans for each scale and IRR and NPV were calculated. Major results and conclusions can be Summarized as follows: IRR for pomegranate orchards estimated by about 58%. The Switching Value for the number of productive trees per faddans was 232 in large Orchards against 292 in small orchards. The current structure of varieties is 70% foreign variety: 30% local variety, and specialization in foreign variety is preferred and caused in 16% increase in the current IRR. Change of 10% in productivity and prices are the most affecting factors and caused an increase of about 10.48% in each case. The Switching Value for the productivity and pomergranate price is about 33% of the current level. Cost of an returns from the manure and the labor coast are the most affecting factors on IRR. The Switching Value for land rent is estimated by about LE 11280.