State to Offer Land at 35% Discount

Wednesday, 2nd November 2016

The Supreme Council for Investment has agreed to provide a 35% discount on land prices  for a period of two months until the end of the year, Al Mal reported .

The discounts will be provided in the event of the payment of a pre-requisite sum for acquiring the land via the government’s Land Recovery Committee.

The council also offered 25% discount on lands located in the new Administrative Capital, as well as the new cities located in east Port Said, El Alamein, El Galala, and New Ismailia. This offer will last for three months, starting from the day the lands are offered.

The decisions came as part of a meeting, attended by President Abdel Fattah El Sisi, discussing the means of improving the investment climate, attracting investments with the current national economy, and boosting development, according to Tahrir News.

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