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اليوم السابع
Industry Minister unveils nine land supports
Egyptian Minister of Industry, Khaled Heshem, announced the launch of a new system for allocating industrial land that includes nine diverse mechanisms aimed at facilitating investors' access to land, reducing financial burdens, and accelerating project establishment. These mechanisms involve periodically offering land every three months, direct ownership and usufruct rights, lease-to-own agreements lasting up to 21 years, providing ready-to-use industrial units, expanding the role of industrial developers, supporting the creation of productive villages, re-utilizing underperforming factories, and leveraging unused lands. The system also seeks to modernize licensing procedures and improve the investment environment, with a focus on meeting the needs of various project types, enhancing local production, and attracting industrial investments.
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