The Egyptian Ministry of Finance confirmed in a statement its commitment to maximizing returns from investing unused vacant lands by encouraging the private sector to develop innovative projects that add economic value and leave a positive impact on surrounding areas, alongside creating new job opportunities.

The ministry explained that this approach aims to provide promising opportunities for investors, real estate developers, real estate investment funds, and experienced companies in urban development projects, contributing to boosting economic activity and achieving sustainable growth across various regions.

According to the statement, the Ministry of Finance intends to launch the first phase within the coming weeks by offering 6 distinguished and unused land plots in the Al-Dirasa area of Cairo.

The ministry emphasized its keenness to provide land data to the business community before the official announcement, allowing them to inspect and carefully study the best utilization methods initially until the issuance of the terms booklet, which will include all related details including building requirements and others.

The statement also pointed out that details of the available land plots can be viewed on the ministry’s websites, the investment portal, and the New Urban Communities Authority.

The statement added that these real estate assets were transferred to the Ministry of Finance by presidential decrees, registered with the real estate registry, located in economically valuable areas with varied sizes, suitable for multiple economic activities, and will be ready for immediate delivery through more transparent competitive procedures.