The Ministry of Housing, Utilities, and Urban Communities initiated a new reservation mechanism titled Allocation by Reservation Priority on November 1, 2026, accessible via the Foreign Investment Portal of the New Urban Communities Authority. The framework grants direct land acquisition priority in Egyptian new cities to local and international developers paying 100% of the land value in foreign currency via external wire transfer, bypassing traditional financial bidding.
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Applicants must execute an outward bank transfer of at least $100,000 via SWIFT alongside an administrative fee of $5,500, of which $5,000 funds the investor electronic wallet and $500 covers study fees. Submitting a compliant application pauses competing bids on the same plot, providing the developer a 30-day window to remit the remaining balance in USD to finalize allocation.
Shary's take: what it means for buyers and investors
This mechanism offers a decisive advantage to developers with offshore USD liquidity, granting immediate access to prime land without price bidding. For investors and buyers, this policy will likely accelerate project launches in new urban centers, though it may also correlate initial unit pricing more directly with foreign exchange dynamics.
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published 1 November 2026
