Industry Minister: Releasing unused land for key investors

The Ministry of Industry is working to strengthen the investment climate in Egypt by revisiting outdated regulations that restrict industrial investment, and by seizing unused industrial land to reoffer it to serious investors. Additionally, the government will introduce new models and mechanisms for land allocation, including options for ownership, leasing, and usufruct rights, aimed at facilitating investment, especially for youth. Flexible models for land development costs will also be established in collaboration with industrial developers. The ministry emphasizes the importance of fully serviced land plots to ensure immediate operation and reduce costs, while also updating the industrial strategy and coordinating efforts to address customs and tax challenges in order to promote local manufacturing.

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