Prime Minister Sherif Ismail ordered governors on Sunday to form committees to process appeals by those looking to get back land seized under the state’s land reclamation campaign, AMAY reports. Authorities have been clearing unlicensed developments and reclaiming illegally occupied land over the past month and the government is expected to present a detailed report to President Abdel Fattah El Sisi this week. We noted last week that an agriculture ministry report puts the built up area of buildings torn down by the state since the campaign started at 18.39 mn sqm and the area of reclaimed state-owned land at 394.5k feddans.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Markets seem to discount war-related risk with record rallies
Stocks around the world are rallying, but policymakers think markets…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…