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اليوم السابع
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Ayman Mohsab: Lease ending halts industrial land trades
The article focused on the importance of the lease-to-own system for industrial lands in Egypt, which has been facilitated through the digital Egypt Industrial Platform. It explains that this system aims to reduce the financial burdens on investors by allowing lease periods of up to 21 years, with the option to own the land and deduct the amount paid in rent from the land's purchase price. The system promotes better financial and operational planning for industrial projects and seeks to activate the use of land as a means of production rather than merely assets for trading, thus helping to curb land speculation. The article also emphasizes the need to streamline utility, licensing procedures, and facilitate financing to increase the number of operational factories, create more job opportunities, and sustainably develop the national economy.
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