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Cabinet Meeting Outcomes - Suez Baladi

Cabinet Meeting Outcomes - Suez Baladi

The Egyptian Cabinet has approved several decisions, including extending the deadline for submitting applications to obtain alternative housing units by three months, which will end on October 12, 2026. They also approved the establishment of an investment zone within the "Al Borg" project in New Cairo city, covering an area of nearly 84 acres, which will include service projects and real estate development with a total investment of up to 7.6 billion Egyptian pounds, creating approximately 15,000 jobs. Additionally, the council approved funding for the new phase of reforming the comprehensive health insurance system between Egypt and France to enhance its financial and administrative efficiency. They also transferred administrative supervision of 16 land parcels from the Lake Protection and Development Authority to various government entities for use in diverse activities. Moreover, the cabinet renewed the contract with the Ministry of Military Production to operate the smart ration card system for another year. They also approved the establishment and expansion of Egyptian companies in the fields of mining, fertilizers, and energy. Finally, they extended the committee's mandate to study the environmental situation in the Wadi Al Allaqi area in Aswan, to ensure a balance between development and environmental preservation.

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