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المصري اليوم
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112m sqm deal to cut debt

112m sqm deal to cut debt

President Abdel Fattah el-Sisi issued a decree allocating approximately 112.12 million square meters of state-owned land in Red Sea Governorate to the Ministry of Finance, to be used to reduce public debt and issue sovereign sukuk. The land covers approximately 26,690.45 feddans. Published in the Official Gazette on Wednesday, the decree amends Presidential Decree No. 222 of 2026, following Cabinet approval.

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