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المصدر
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Cabinet OKs Rural Pact
Egypt’s Cabinet, chaired by Mostafa Madbouly, approved a cooperation protocol among the ministries of industry, agriculture and land reclamation, local development, and environment to implement the “Productive Village” initiative and regulate the offering and allocation of government-owned land and buildings for projects. The initiative aims to establish non-polluting small and medium-sized industrial clusters in 1,000 villages by 2030, and to offer 1,000 investment opportunities through 14 quarterly rounds, with around 100 to 150 opportunities in each round, based on each village’s comparative advantage. Under the protocol, the General Authority for Industrial Development will offer and allocate sites and monitor project implementation through to operation. Ownership of the assets will remain with the authorities responsible for them, while sites will be allocated on an annual usufruct basis.
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