Egypt approves sale of land to foreign companies in dollars ...Middle East

TOP world News today - News
Egypt approves sale of land to foreign companies in dollars
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

Hence then, the article about egypt approves sale of land to foreign companies in dollars was published today ( ) and is available on TOP world News today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt approves sale of land to foreign companies in dollars )

Apple Storegoogle play

Last updated :

Also on site :