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بوابة الشروق
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Source: بوابة الشروق
2 Daysبوابة الشروق
Source: بوابة الشروق
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Economist Mohamed El-Bahwashi said that the land allocated to the Ministry of Finance in the Red Sea Governorate—an area of about 11.2 million square metres, or 2,669.45 feddans—is not intended for sale, but for investment and redevelopment. Under Presidential Decree No. 448 of 2026, it is intended to help reduce public debt and support the issuance of sovereign sukuk, through investment, the granting of usufruct rights, or its use as collateral for financial instruments. He added that the land may be developed in partnership with local and international entities, with the proceeds going to the Ministry of Finance.
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