In an effort to spice up overseas foreign money reserves, Egypt will promote designated plots of land to overseas companies for US {dollars}.
The approval pertains to 62 undisclosed purposes for land from overseas buyers, the Egyptian cupboard introduced on Wednesday.
The choice spans throughout the nation, encompassing cities like New Damietta, October Gardens, New Obour, New Assiut, New Sohag, New Cairo, New October, Badr, Al Shorouk, Tenth of Ramadan, and New Borg al-Arab.
These lands are zoned for various makes use of to help improvement, together with residential areas, lodges, enterprise facilities, and varied industries.
The Egyptian authorities gave the inexperienced mild to this land sale plan at their latest cupboard assembly, which was additionally authorised by The New City Communities Authority.
