Egypt sets deadline for land brochures
The Egyptian Ministry of Industry has announced the deadline for collecting application forms for the first phase of industrial land offering on a rent-to-own basis. This initiative includes 540 plots of land covering over 5.7 million square meters, distributed across 20 areas in 15 governorates. The system aims to facilitate investor financing by reducing initial financial burdens, as the lease contracts extend up to 21 years, with the possibility of ownership after demonstrating seriousness through actual startup activities and obtaining permits. Applications will be submitted electronically via the Digital Egyptian Industrial Platform, with the results of allocation expected to be announced within 15 days of the application deadline. The targeted industries encompass various sectors, including pharmaceuticals, engineering, electronics, and food products, with flexibility regarding the size of permissible projects.
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