Egypt intends to invite private investors to buy land near the capital Cairo with the aim of raising nearly EGP25 billion ($500 million) to help balance its budgetEgypt intends to invite private investors to buy land near the capital Cairo with the aim of raising nearly EGP25 billion ($500 million) to help balance its budget

Egypt targets $500m from Cairo land sale

2026/01/22 21:21

Egypt intends to invite private investors to buy land near the capital Cairo with the aim of raising nearly EGP25 billion ($500 million) to help balance its budget deficit.

The sale will start in February and involves nearly 600,000 square metres of land east and west of Cairo, the Saudi Asharq business website said, citing an unnamed official at the Egyptian housing ministry.

Investors who buy land will be encouraged to embark on projects covering management, services, entertainment and other sectors, mainly in El Sheikh Zayed and the Sixth of October cities, the official said.

The ministry is offering prices of around $844 per metre, the official said, adding that the move is intended to secure liquidity and at the same time spur business in these areas.

Egypt has been locked in a drive to stimulate private investment within reforms proposed by the International Monetary Fund to boost growth and slash fiscal and trade deficits. The push also includes the sale of a number of public enterprises to the local and foreign private sector.

In October the planning ministry reported that private investments soared by nearly 24 percent during the 2024-2025 fiscal year, which ended on June 30.

Further reading:

  • Egypt reports 20-year-high tax income
  • Egypt scraps duty-free allowance for imported mobile phones
  • Egypt turns to short-term borrowing as debt piles up

The ratio of private investment of the total capital surged to its highest level of 47 percent in five years, overtaking public capital of 43 percent, the ministry said.

From around EGP474 billion ($9.6 billion) during the 2023-2024 fiscal year, private investments in the most populous Arab nation shot up to nearly EGP590 billion ($12 billion) during the 2024-2025 year.

In contrast, public investments shrank from around EGP627 billion ($12.8 billion) to about EGP526 billion ($10.7 billion) in the same period.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Superstate Raises Over $82 Million to Develop Onchain Capital Markets

Superstate Raises Over $82 Million to Develop Onchain Capital Markets

Superstate announced that it has raised $82.5 million in a Series B funding round. The capital will be used to develop infrastructure for issuing and trading shares
Share
Incrypted2026/01/23 00:13
Valicor Brings Financial Education to Second High School in Underserved Community

Valicor Brings Financial Education to Second High School in Underserved Community

Partnership with Ramsey Education expands from Cincinnati to Michigan, equipping students with essential money management skills. MONROE, Ohio., Jan. 22, 2026 /
Share
AI Journal2026/01/22 23:50