Page 50 - EGYPT - En Vol.4 HD

E gypt
Snapshot of E gypt 48
In case of competing Investors' applications for acquiring the real Prices for Industrial lands in some Governorates*
estate required to set up the investment projects - whether by sale,
lease, lease-to-own or usufruct licensing - the order of preference Governorate Industrial Zone Ownership Price Rental Price
among those who satisfy the technical and financial conditions
required for Investment will be upon a system of points based on QENA HIW 320 20
foundations agreed upon with the bodies of competent jurisdiction QIFT 335 20
over the properties. Such foundations include the following: technical
specifications of the project, the project's ability to provide foreign Asyut DASHLUT 300 15
currency, expected investment costs, and the value of the submitted Luxor El-Boghdady 160 10
financial offer as well as the way of payment it.
Giza New October 1000 50
Jurisdiction entity has to assess the applications of land allocation Dakahlia Gamasa 1700 85
submitted by investors and provide GAFI with its technical opinion
th
on such applications, substantiated by the reasons of rejection or Sharqia 10 of Ramadan City 1200 60
acceptance. Such opinion must be made within one week from the Gharbia El-Mahalla El-Kubra ----- 120
date of receiving the application or from the time limit specified in
the announcement. Fayoum Kom Aushim 1430 75

The relevant administrative bodies can rescind the contract Menoufia El Sadat 1100 55
concluded with the Investor only after obtaining the approval of the Minya Al Matahrah 415 25
Board of Directors of GAFI.
New Valley Mut 100 5
Committee has been formed with the task of allocating lands
immediately, and the Industrial Development Authority issues one Port Said AL RASWA 1190 60
license within a maximum of 20 working days so that the investor Al Ahaywah 150 8
obtains the license from the authority, provided that the authority Sohag El Kawtar 300 15
obtains approvals from the rest of the other concerned authorities.
West Tahta 300 15
The industrial lands should always be attached, and the principle
in pricing lands is the price of utilities, and two mechanisms were North Sinai Bir al-Abd Free usufruct
identified, with the aim of encouraging the existing industrial sector *Prices announced in accordance with the last bid released in August 2023
that wants to expand access to lands directly.
Source: Industrial Development Authority (IDA)