President Abdel Fattah El-Sisi has issued Republican Decree No. 303 of 2025, which stipulates the allocation of a plot of land with an area of approximately 41,515.55 feddans (equivalent to 174,399,900 square meters) of state-owned private property in the Red Sea Governorate in favor of the Ministry of Finance.
The purpose of this decision is to utilize the land to reduce the country’s public debt and to issue sovereign sukuk (Islamic bonds) in accordance with the applicable laws and regulations.