The Ministry of Finance announced that it will soon launch the second package of investment opportunities in the city of Assiut, offering prime sites designed to attract sustainable tourism and urban development projects.
According to a statement issued on Monday, the new offering includes a distinguished location directly overlooking the River Nile—an unprecedented opportunity to establish high-value tourism projects that advance Upper Egypt’s development goals. Another site, located in the heart of Assiut, features an existing building suitable for redevelopment and adaptive investment use.
The ministry affirmed that this initiative forms part of a broader national plan to maximise the value of public assets and convert underutilised land into productive ventures that drive investment, growth, and employment.
It invited investors, real estate developers, investment funds, and tourism companies to seize these opportunities by submitting innovative proposals that would revitalise Assiut’s Nilefront and city centre. The projects aim to introduce new tourism, cultural, and leisure activities while supporting service-oriented enterprises that meet both local and regional needs.
The Ministry of Finance noted that ownership of the two sites has been transferred to the ministry under presidential decrees duly registered with the Real Estate Registry. Both sites will be ready for handover following the completion of disposal procedures through a competitive and transparent process.
Detailed information on the investment sites is available to the business community through the ministry’s official website, the Egyptian Investment Portal, the Egypt Investment Map, and the New Urban Communities Authority portal.
The initiative underscores the government’s ongoing efforts to create a dynamic investment climate in Upper Egypt, leveraging its strategic locations and natural assets to attract private capital and foster sustainable regional development.
