Ministry of Housing Expands Offering of Investment Lands Across New Cities

The Ministry of Housing, Utilities, and Urban Communities continues to roll out investment land plots with diverse activities under its immediate allocation mechanism. This initiative aims to cater to the increasing demand from developers and companies, fostering urban development and economic growth in Egypt’s new cities.

In the city of 10th of Ramadan, the ministry is offering several plots of land for commercial and mixed-use purposes. These include a 1,750 square meter plot priced at EGP 15,280 per square meter, a 1,600 square meter plot at the same rate, and larger plots measuring 16,468 square meters, available at EGP 6,935 per square meter. Additionally, a plot designated for commercial and recreational activities, also 16,468 square meters, is being offered at EGP 6,935 per square meter.

Further offerings in the 10th of Ramadan include:

An educational plot spanning 31,596 square meters is priced at EGP 3,090 per square meter.
A 10,864 square meter plot for artisanal workshops, priced at EGP 2,440 per square meter.
Several storage facility plots are available, each measuring 6,122 square meters and priced at EGP 3,400 per square meter.
In New Obour City, the ministry is making available:

A commercial-administrative plot of 8,055 square meters at EGP 23,802 per square meter.
A 9,279 square meter commercial-administrative plot at the same rate.
A commercial plot of 8,928 square meters at EGP 25,215 per square meter.
An additional commercial plot of 11,332 square meters at the same price.
A medical plot covering 1,876 square meters priced at EGP 9,780 per square meter.
A 1,538 square meter commercial plot priced at EGP 23,860 per square meter.
An integrated urban plot of 32,270 square meters at EGP 2,695 per square meter.
An educational plot of 2,555 square meters at EGP 6,130 per square meter.

Expanding Investment Land Offerings

The Ministry of Housing aims to diversify its land offerings across new cities, providing a wide range of activities, including commercial, administrative, service, industrial, and fully integrated urban plots. The New Urban Communities Authority (NUCA) continues to make these investment lands available to companies and developers, with a strategic plan to release a set of plots monthly across new cities. This approach supports developers’ demands, boosts urban development, and accelerates the growth of new cities.

Moreover, the ministry is expanding its land offerings, particularly those under the partnership model with the private sector, whether through in-kind or cash shares. The “Beit Al-Watan” lands for Egyptians working abroad are also part of this expansion, aiming to revitalize real estate investment, speed up urban development, and increase the state’s foreign currency reserves.