The Tourism Development Authority (TDA) will reprice its land plots in EGP instead of USD to attract investors to land auctions it plans on holding soon, CEO Serag Eldin Saad told Al Mal. Saad says currency fluctuations have limited investors’ ability to calculate costs when land was priced in USD and added to their financial obligations. Al Mal says that a number of investors have had to give up 27 plots of lands last year due to payment difficulties. Saad noted that the proposed investment act grants TDA freedom in pricing its land holdings and allows it to speed up land sales.

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