24 Hrs
Source:
بوابة الفجر
_1777352142843_145525226.png&w=48&q=75){kind=small}
Government lowers developer loan rates to 12%
The article focused on the Egyptian government's decision to reduce the interest rate on installment payments for real estate developers and investment projects in new cities to 12% for one year, aiming to support the investment climate, facilitate procedures, and stimulate urban development. It was also announced that the Council of Ministers approved the allocation of 22 plots of land through dollar-based sale requests to develop commercial, residential, and investment activities in cities such as Sheikh Zayed, New Cairo, Borg El Arab, and New Mansoura. Additionally, nine topics related to resolving investment disputes were approved to enhance confidence and improve the business environment. Furthermore, an exceptional support was announced to promote Egyptian universities in Nigeria, to boost educational exports and attract international students, with the launch of the "Study in Egypt" platform for registration in June 2026.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)