Egypt Allocates 43 Land Plots to Companies across 14 New Cities under US Dollar Sales System

It was announced in Egypt that the board of directors of the New Urban Communities Authority approved 43 requests to allocate land plots to companies under the US dollar sales mechanism from abroad, during session No. 217 held on August 10, 2026, according to a cabinet statement reported by "Masrawy" on Tuesday.

The plots are distributed across 14 new cities: New Borg El Arab, New Cairo, 10th of Ramadan, 6th of October, Sadat, El Shorouk, El Obour, Badr, New October, New Mansoura, New Beni Suef, New Asyut, October Gardens, and New Aswan.

Intended uses include commercial, residential, administrative, educational, hospitality, investment, and service projects, as well as the establishment of workshops, warehouses, two gas and service stations, and a green energy data center. The statement noted that the areas of the allocated land plots vary among the requests.

The allocation comes in accordance with approved guidelines and mechanisms for sales in US dollars from abroad. The statement did not disclose the names of the beneficiary companies, the financial values of the deals, or how the plots were distributed among investors.

What do these terms mean?

New Urban Communities Authority: The government agency responsible for planning and developing new cities in Egypt and allocating land to investors.

US dollar sales from abroad: A system that allows companies to sell units or land to buyers outside Egypt, provided that payment is made in foreign currency from abroad.

Land allocation: An administrative procedure under which the Authority grants a plot of land to a company for implementation, according to specified terms, guidelines, and timelines.