Launching first phase with 6 distinctive unused plots in Cairo

The Ministry of Finance affirmed that it seeks to maximize the return on investment in the unused plots, by encouraging the private sector to utilize them in innovative projects that represent an economic added value, which positively reflects on the neighboring areas and provide job opportunities. The Ministry affirmed its keenness to provide promising opportunities for investors, real estate developers, real estate investment funds and experienced urban development companies.

 

The Ministry of Finance issued a statement which stipulated that within the next few weeks, the ministry intends to launch the first phase with 6 distinctive unused plots in Darrasah area in Cairo, pointing out that it pays a special attention to providing the data of such plots to the business community before announcing about the same, which allows them to review and study how to make the best use of such plots, before issuance of the terms and conditions sheet which will include all details, including the requirements of building and the like.

 

The statement indicated that the details of plots are available on the websites of the Ministry of Finance, Investment Portal and New Urban Communities Authority.

 

It is worth mentioning that the statement clarified that these real estate assets are owned by the Ministry of Finance as per President's decrees, and they are registered with the real estate registration authority, where they are based in areas with high economic value, in different sizes so that they can be used in several economic activities. The plots will be ready for instant delivery through competitive and more transparent procedures.