In a statement, the ministry announced that it will offer
the first phase within the coming weeks. The offering includes six prime,
unused plots of land located in El-Darassa district in Cairo. The ministry explained
that plot data will be shared with the business community before the official
announcement. This will allow inspections and careful studies of the optimal
use of the land. The step will precede the release of tender documents, which
will contain full details, including building requirements.
The statement added that information on the available plots
can be accessed through the ministry’s website, the investment portal, and the
New Urban Communities Authority. It clarified that these real estate assets
were transferred to the ministry under presidential decrees and are registered
with the real estate registry. The lands are located in areas of high economic
value. They vary in size, can be used for multiple economic activities, and
will be ready for immediate handover through a more transparent and competitive
process.