Isabella Jacob

New York

Egypt approves land sales to foreign companies in USD

The Egyptian Cabinet approved the sale of specific tracts of land to foreign companies in US dollars, according to a statement on Wednesday.

Despite global economic difficulties, the construction sector in MENA demonstrated impressive performance in H1 2023.

Most investors asked for mixed-use land plots to establish universities, schools, and commercial and administrative facilities.

Salah said the company has deployed a capex of EGP1 billion ($32 million) this year for construction work across various projects.

Record H1 despite limited launches and addition of 620 acres to developer’s landbank.

Construction Services Events

MACTECH 17.12.2026

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