In a meeting held today, Wednesday, headed by Dr. Mostafa Madbouly, the Egyptian Council of Ministers approved a plan to allocate new plots of land for sale in US dollars in sixteen cities. This procedure comes within the framework of the mechanism for selling dollars from outside the country, while adhering to the controls approved in this regard.
During the meeting, the Council of Ministers reviewed the approval of the Board of Directors of the New Urban Communities Authority, in its sessions No. 213 on December 15, 2026, and No. 214 on February 2, 2026, of forty applications submitted by various companies to allocate lands under the US dollar sale system from outside the country.
These requests include the implementation of a variety of investment projects, including: “administrative residential commercial”, “administrative” activities, “residential commercial”, “hotel”, “commercial”, “educational”, “administrative commercial”, “administrative commercial hotel entertainment”, in addition to “nurseries”, “mixed urban activities”, “stores”, “commercial exhibitions”, “youth workshops”, and “Craft workshops.”
The list of cities in which lands will be allocated includes: “6th of October,” “New Assiut,” “Sadat,” “10th of Ramadan,” “Badr,” “New Alamein,” “New Damietta,” “Sheikh Zayed,” “New Obour,” “New Cairo,” “New Beni Suef,” “New Mansoura,” “New Aswan,” “15th of May,” and “New Burj Al Arab” and “New Thebes”.
This decision reflects a trend towards expanding the scope of the mechanism for allocating land to foreign investors in US dollars, with the aim of supporting urban development plans and enhancing the diversity of investment activities in new cities.
