The General Authority for Free Zones and Investments (GAFI) is auctioning off 7.6 mn sqm of land in New Valley and Fayoum for projects in agriculture, waste recycling, water exploration, tourism, food production, and residential developments, among others, Al Borsa reported. Applicants are expected to present feasibility studies and a down payment equal to at least 25% of the project’s total cost. GAFI is already receiving offers and will close the application window on 19 and 24 January for New Valley and Fayoum, respectively.

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