{"id":599185,"date":"2019-06-20T04:04:34","date_gmt":"2019-06-20T04:04:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases\/"},"modified":"2019-06-20T04:04:34","modified_gmt":"2019-06-20T04:04:34","slug":"cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases\/","title":{"rendered":"Cabinet agrees to lower interest rates on industrial land purchases"},"content":{"rendered":"<p><b>CABINET WATCH- Gov\u2019t agrees to lower interest rates on industrial land purchases: <\/b>The cabinet has agreed to a proposal from the Industrial Zones Coordination Council to set the interest rate for industrial land purchases at 7% per year,instead of CBE rates, it <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/the-Council-of-Ministers-No.-(45).aspx\">said in a statement yesterday<\/a> following its weekly meeting. The decree, effective for three years, aims to attract investment into the sector and create space for new industrial areas and jobs. The cabinet also agreed to:<\/p>\n<ul>\n<li>Allocate a land plot to Bosch Home Appliances to build a factory in 10th of Ramadan City;<\/li>\n<li>Increase the rent of state-owned land for poultry and livestock companies by 12% every three years under the right-to-use framework for 30 years;<\/li>\n<li>Some amendments to the executive regulations of the Universities Act, including allowing Suez University to launch a dentistry section. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- Gov\u2019t agrees to lower interest rates on industrial land purchases: The cabinet has agreed to a proposal from the Industrial Zones Coordination Council to set the interest rate for industrial land purchases at 7% per year,instead of CBE rates, it said in a statement yesterday following its weekly meeting. The decree, effective for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599185","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9e5d3db4-b001-4ffb-aa50-8302d2ca97e3","is_powered_by":true,"section_story_id":"81c9eb15-2dd1-4d8c-8157-233a96656c45","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599171],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cabinet agrees to lower interest rates on industrial land purchases - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet agrees to lower interest rates on industrial land purchases\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Gov\u2019t agrees to lower interest rates on industrial land purchases: The cabinet has agreed to a proposal from the Industrial Zones Coordination Council to set the interest rate for industrial land purchases at 7% per year,instead of CBE rates, it said in a statement yesterday following its weekly meeting. The decree, effective for [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-20T04:04:34+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet agrees to lower interest rates on industrial land purchases\",\"datePublished\":\"2019-06-20T04:04:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases\/\"},\"wordCount\":146,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/cabinet-agrees-to-lower-interest-rates-on-industrial-land-purchases\/\",\"name\":\"Cabinet agrees to lower interest rates on industrial land purchases - 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