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Egyptian industry unveils land lease-to-own plan
The Egyptian Minister of Industry announced a lease-to-own system for industrial lands, aimed at providing flexible options for investors and reducing initial financial burdens. This approach allows investors to allocate resources toward establishing factories and acquiring equipment. The system offers lease periods ranging from 7 to 21 years, with an annual rent set at 5% of the land's per-meter price, subject to reevaluation after the seventh and fourteenth years. Investors can apply for ownership after one year of actual operation, with the remaining balance payable over three years. Applications are submitted electronically through the Egypt Industrial Digital Platform, which facilitates allocation procedures and presents investment opportunities, all with the goal of optimizing the utilization of industrial lands and reducing cases of land speculation.
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