Madbouly issues new rules for industrial land allocations: Prime Minister Moustafa Madbouly has outlined new guidelines for allocating state-owned industrial land which rank applicants using a point-based system overseen by a newly formed committee, according to a cabinet statement. Existing manufacturers will be awarded points for criteria such as presenting three years-worth of financial statements for one of their manufacturing operations and having a valid license. Newcomers, meanwhile, will need three years of experience in a relevant sector, bank statements registered with the Egyptian Credit Bureau (I Score), and solid business plans. The new guidelines will also price land based on its market value and location, and allow the government to revoke allocations in cases of project or payment delays, sudden changes in activity, or signs of rent-seeking behavior.

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