20 Hrs
مصراوي
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مصراوي

2026-11-14T00:00:00.000Z

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Heikal Explains Land Sale

Heikal Explains Land Sale

Businessman Hassan Heikal, responding to Hamdeen Sabahi and Khaled Ali, said that selling land for development—particularly for integrated tourism projects—could attract investment, create jobs, develop infrastructure, and increase foreign-currency revenues. He said developers must adhere to a timetable and clearly defined responsibilities, while Egyptian sovereignty and oversight of the project are maintained. He noted that it is possible both to attract investment and to keep beaches and public areas accessible to citizens. He cited the Ras El Hekma deal, which he said involves $35 billion in investment, as a model that could be replicated.

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