Prime Minister Mostafa Madbouly approved the reallocation of two land plots in New October City for investment and industrial use.
One, nearly 270 feddans, will host a private free zone and logistics area. The other, about 30 feddans, will support industrial activity, including a proposed vehicle assembly plant. The move comes in response to investors’ requests and aims to support exports, production, and job creation.
During its weekly meeting on Wednesday 14/5/2025, the Cabinet also approved the loan of 250 Egyptian artifacts for an international exhibition in Hong Kong, scheduled from November 2025 to August 2026.
The pieces will come from several national museums and archaeological sites.
In the energy sector, five new petroleum agreements were approved with total minimum investments of $221 million. The agreements include drilling commitments and signing bonuses worth $31.5 million.
Further decisions included land allocation for development in Beheira, approval of legal settlements, and continuation of infrastructure projects.
The Cabinet also approved contracts related to traffic improvements in Giza and cultural programming by the Ministry of Endowments.
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