In its 44th meeting, chaired by Prime Minister Dr. Mostafa Madbouly, the Egyptian Cabinet approved the rules and mechanisms adopted by the Urban Development Fund for partnerships with public and private entities to invest in the Fund’s lands. The approved regulations define potential partners, whether they are public or private legal entities, including companies and individuals, as well as foreign entities.
The forms of partnership take several shapes. These include partnerships involving external financing for lands owned by the Fund, partnerships where the Fund itself finances projects on lands it does not own, and partnerships for the management and marketing of projects funded by external parties and implemented on non-Fund-owned lands—in return for a specific percentage share.
These initiatives align with the core mission of the Urban Development Fund, which aims to enhance the contribution of civil society and the business sector to urban development efforts. The Fund is tasked with setting the necessary policies and strategies to achieve this goal, including offering development projects—either executed by or under the Fund’s responsibility—for partnership with private sector developers and civil society organizations.
