Foreign Companies Purchase Lands In Egypt
Have you heard the news? The Egyptian Cabinet has approved the land sales for companies and expatriates outside Egypt in United States Dollars! The decision came after the severe crunch of the liquidity in USD in Egypt which has made the government take such actions to provide more liquidity in the market.
Are you eager to know more about how this decision will impact the Egyptian economy and the real estate market? Let’s find this out in the following lines.
The Egyptian Government announced that foreign companies can now purchase lands in Egypt in USD. Why? To attract foreign investment and stimulate economic growth.
The decision allows companies from all over the world to purchase land in USD, which may increase demand for properties and boost property prices. Additionally, it could potentially strengthen the country’s foreign currency reserves and stabilize the exchange rate.
It’s worth noting that the statement did not specify which foreign companies are buying the land, or for how much but they announced the places that these lands are available at.
The lands available for sale for foreign companies in Egypt are located in the cities of:
But what will be the uses for these lands in Egypt available for purchase by foreign companies? USD? Let’s move to the next section and find out.
These new lands sold to foreign companies in USD will have many uses for a variety of projects including administrative, commercial, and residential real estate projects.
Also, it will be used for constructing a range of industrial projects, sports clubs, a world-class hotel, and an auto repair shop.
These diverse projects will not only contribute to the overall economic development of the country but also open the doors to new job opportunities for Egyptians.
Do you plan on buying a new home for your family or looking for an investment opportunity? Don’t hesitate to contact Nawy through WhatsApp and one of our consultants will get in touch with you in no time
Many people seek solace in taking a day off work and going to enjoy a…
Do you want to meet new cultures and learn about different traditions? Or maybe you’re…
2025 witnessed one of the top-tier partnerships between two of the real estate market giants,…
Property ownership is one of the wisest investments you can make. However, this property is…
Are you a padel enthusiast who loses their weekend looking for the best padel courts…
Have you put your money into a real estate property, and thinking it's time to…