Egypt extends investment incentives for new urban projects by one year-SIS

Media Center

Egypt extends investment incentives for new urban projects by one year

Thursday، 22 May 2025 - 01:36 PM

Text Size: A A A

Ministry of Housing on Thursday 22/5/2025 extended a package of investment incentives and facilitations for real estate and service projects in new urban cities by one year, in a move aimed at supporting investors and accelerating development.

The decision, approved by the New Urban Communities Authority (NUCA) board and chaired by Minister of Housing Sherif El-Sherbiny, applies to mixed-use urban, fully integrated, and service-sector developments, the ministry said in a statement.

The extension is part of the government’s broader strategy to boost private sector engagement and stimulate economic activity, particularly in new cities across Egypt.

To qualify, projects must meet specific financial, legal, and technical criteria, including compliance with payment schedules and land handover deadlines, the statement said. Companies that meet these conditions may apply for the incentives at any time during the extension period.

In a related move, the government also approved maintaining a fixed 15 per cent interest rate on instalment payments for developers in real estate, agricultural, and tourism projects until 15 May 2026. The measure is intended to ease financing burdens for infrastructure development and will be submitted to the Cabinet for final review.