The New Urban Communities Authority (NUCA) has signed a contract with the Saudi real estate firm Samla and Alm El Room Urban Development Company to swap roughly 949 feddans of land in Matrouh’s Alm El Room area for two plots of land in New Cairo.

The Industrial Development Authority (IDA) will not reject requests submitted by serious investors seeking industrial lands in different sectors, Minister of Transport and Industry Kamel El Wazir stated.

The Egyptian Minister of Housing, Utilities, and Urban Communities Sherif El Sherbini has approved a fixed pricing system for land offerings.

The Administrative Capital for Urban Development (ACUD) is planning to offer over 30 new land plots for sale to companies before the end of June.

Heliopolis Company for Housing and Development (HELI) has received a technical and financial offer from Madinet Masr for the development of three plots of land spanning around 850 feddans in New Heliopolis City.

Banque Misr is getting ready to gradually sell EGP 120 billion worth of untapped land plots or offer them as an in-kind contribution of shares to foreign or Arab investors via The Sovereign Fund of Egypt (TSFE).

UAE-based agribusiness firm Al Dahra is in negotiation, via its subsidiary Al Dahra Egypt, with National Service Projects Organisation (NSPO) to buy an agricultural land in Toshka in southern Egypt.