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Industry unveils 540 lease-to-own industrial plots
The General Authority for Industrial Development has announced an initial offering under the "lease-to-own" system, including 540 industrial land plots totaling over 5.7 million square meters across 20 industrial zones in 15 Egyptian governorates. The goal of this system is to provide unconventional regulatory tools to support investors and facilitate investment, with land allocations allocated for targeted industries such as pharmaceuticals, automobiles, electronics, chemicals, and building materials to promote local manufacturing and exports. Lease durations are up to 21 years, with an annual rent set at 5% of the price per square meter and an annual increase of 10%. Ownership of the land can be obtained after demonstrating seriousness and completing necessary operational procedures and licensing. Applications will be submitted electronically via the Digital Industrial Egypt platform from August 15 to 31, with the results announced within 15 days of the closing date.
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