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بوابة الفجر
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ID Authority offers 540 land plots nation-wide
The General Authority for Industrial Development has announced the launch of 540 industrial plots of land under a "lease-to-own" system across 15 governorates, with a total area exceeding 5.7 million square meters. This initiative aims to support investors and diversify financing tools. The lease period extends up to 21 years, with an annual rent set at 5% of the land's value, increasing by 10% annually. Buyers can acquire ownership after the start of actual operation by paying 25% of the remaining land value in installments over three years. The system’s goal is to reduce initial financial burdens, stimulate the establishment of factories, and increase national production and exports. Applications are submitted electronically through the Digital Egypt Industrial Platform.
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