The Clap
Just like the government did with imported cars to bring in foreign currency, it’s now looking to do the same for land.
Backstory
The government recently issued a decision to pay back tariff fees to Egyptian ex-pats after five years, given that ex-pats pay the amount in USD to the government now.
Deets
Pieces of land in Shorouk City, Badr City, 6th of October City, 10th of Ramadan, New Mansourah, & Sheikh Zayed could all be up for grabs.
So what
The government is racing to secure foreign currency to limit the amount of debt it takes on.
Now what
The government is now expected to finalize the eligible pieces of land & offer them for digital booking.
