HOW TO INVEST ?

By contacting the City Development Agency and filling in the form prepared for this purpose.
The City Development Agency advertises the sale of land for industrial projects and residential land.
Investors wishing to reserve plots of land for industrial projects present a request to the Agency’s Realty Affairs Administration with a request for the completion of the relevant reservation form, for a charge of 50 Egyptian Pounds. Subsequently, they present an endorsed check made out to the New Burg El Arab City Agency to the value of 25 percent of the cost of the land as an advance payment for reservation with the remainder to be paid in three installments over three years from the date of receiving the land.
The investor is granted a period of three years to prove his seriousness and complete the set up of the project for the agreed purpose. Failing this, the allocation is cancelled.
Payment for residential lands is made as follows:
- 25 % advance payment on receipt of the land.
- 15 % without interest one year after receipt of the land.
- 15 % two years after receipt of the land.
- 15 % three years after receipt of the land.
- 15 % four years after receipt of the land.
- 15 % five years after receipt of the land.
Investors enjoy all custom and tax exemptions permitted under Law 91 of 1983 relating to customs exemptions.
Owners of industrial projects enjoy priority in reserving housing units and in reserving plots allocated for housing in the city.