Egypt Opens Investment Opportunities for Foreign Companies in New Cities on November 1

Egyptian Minister of Housing, Utilities, and Urban Communities Randa Al-Minshawi announced that applications for prime investment opportunities for foreign companies in several new cities will open as of November 1, 2026.

The Minister stated that applications will be submitted through the foreign investment website affiliated with the New Urban Communities Authority, with payments being processed using dedicated corporate e-wallets.

Walid Abbas, Deputy Minister of Housing for Urban Communities, explained that the investment plots scheduled for release on November 1 represent prime opportunities, and that details have been published on the foreign investment website to allow companies to review them prior to applying.

For his part, Ahmed Amara, Supervisor of the Authority's Real Estate and Commercial Affairs Sector, stated that applications will begin in accordance with the guidelines and procedures announced on the website. The Ministry called on foreign companies to top up their e-wallets and ensure their readiness before the launch date, as part of efforts to streamline procedures, enhance transparency, and attract investment.

What do these terms mean?

New Urban Communities Authority: The Egyptian governmental entity responsible for planning new cities and offering land and investment opportunities within them.

Corporate E-Wallet: A digital account dedicated to the company used to pay application fees and government services electronically.

Investment Opportunity: A plot of land or project offered for implementation, for which a company applies according to specific terms and regulations.