Egypt Reclaims Land in New Alamein Ahead of Offering It for Investment
Published
The Egyptian government has reclaimed land around the Financial and Business Center in the city of New Alamein. The government is now preparing to re-offer these lands for investment.
According to sources, the government plans to re-offer the lands between 2027 and 2028. The Financial and Business Center is an important area in New Alamein, through which the state aims to attract companies and investment projects.
This step comes within the government's efforts to regulate land use in new cities. Investors are interested in this area because it is close to the North Coast and has witnessed clear urban development in recent years.
So far, the government has not announced full details about the offering conditions, land prices, or the names of interested companies. The responsible authorities are expected to publish this information in due time.
Sources: Traders Union
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