7 Hrs
Source:
بوابة الشروق
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Source: بوابة الشروق
7 Hrsبوابة الشروق
Source: بوابة الشروق
7 HrsReady to play
Ready to play
Beginning with the November offering, Egypt’s Ministry of Housing introduced a “first-come, first-served” allocation system for investment land through the Urban Communities Authority’s portal. Eligible Egyptian and foreign companies can reserve land without price-based competition, provided they pay its full value in US dollars transferred from abroad. Applicants must transfer at least $100,000 and pay a further $5,500, of which $5,000 is credited to the company’s account and $500 covers non-refundable review fees. The full land price must be transferred within one month of notification. If payment is not completed, the $100,000 will be forfeited and the preliminary reservation canceled. Other plots will be offered either through installment plans and price-based competition or for full payment in US dollars.
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