The relaxing of rules around land sales comes as the Egyptian government tries to overcome a shortage of foreign currency. Egypt approves sale of lands to foreign companies amid a severe economic crisis [Getty] Egypt’s cabinet said Wednesday that it would approve the sale of some tracts of land to foreign companies in US dollars, in an apparent bid to overcome a shortage of foreign currency. The land up for sale in US dollars will be for a range of uses, including commercial, administrative, and residential projects, the cabinet said in a statement, without specifying prices. This could allow foreigners to purchase real estate without restrictions and expatriates to import duty-free
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