Egypt offers 99 investment opportunities to local firms, receives 204 foreign applications

Daily News Egypt
4 Min Read
Randa El-Menshawy, Housing Minister

Egypt’s Ministry of Housing, Utilities and Urban Communities is continuing to offer a wide range of investment opportunities in new cities through the New Urban Communities Authority’s (NUCA) digital platforms for local and foreign investors, as part of efforts to attract private-sector investment and maximise the utilisation of state-owned assets.

The investment opportunities are made available from the first to the 15th of each month through NUCA’s Egyptian and foreign investment platforms in both local and foreign currencies, according to the ministry.

Housing Minister Randa El-Menshawy said the offerings form part of the state’s strategy to achieve sustainable urban development and increase private-sector participation in development projects, in line with the objectives of Egypt Vision 2030.

She added that Egypt’s new cities are witnessing strong momentum in investment and urban development, making them a key driver of economic growth. The government, she said, will continue to offer new investment opportunities to support urban expansion and attract additional domestic and foreign capital.

El-Menshawy noted that many of the investment sites are strategically located along major roads, regional highways, and in high-density urban areas, based on approved planning studies. These locations are expected to enhance the commercial viability of projects and maximise their investment potential.

Walid Abbas, Deputy Minister of Housing for New Urban Communities, said NUCA is offering nearly 99 investment opportunities to Egyptian companies through its Investor Services Portal as of 15 August.

The opportunities, priced in Egyptian pounds, cover a wide range of land areas, from 500 square metres for small and medium-sized projects to more than 39 feddans for large-scale developments, with multiple permitted land uses.

Abbas added that the authority received around 204 applications from foreign companies through its foreign investment platform during August 2026.

The investment opportunities cover more than 15 sectors, including commercial, administrative, medical, educational, sports, entertainment, hospitality, tourism, logistics, and service activities, in addition to mixed-use developments.

The sites are distributed across several new cities, including New Cairo, New Damietta, New Salhia, Obour, New Obour, Badr, 15th of May, and New Qena, as well as other new cities across Upper Egypt and the rest of the country.

The ministry said the offerings are intended to expand the private sector’s role in implementing urban development projects, particularly as the government continues to invest heavily in infrastructure, roads, utilities, and public services across Egypt’s new cities.

Ahmed Ibrahim, NUCA’s Vice President for Planning and Projects, said the authority is also continuing to upgrade its digital investment platform as part of the ministry’s broader digital transformation strategy.

He explained that the system digitises the entire investment process, from announcing available opportunities and uploading maps, technical data, and supporting documents to submitting and tracking applications electronically, followed by evaluation, review, and final decision-making.

According to Ibrahim, the digital platform is designed to reduce reliance on paper-based procedures, shorten processing times, and improve the quality and efficiency of services provided to investors.

He added that NUCA is also working to standardise investment procedures across all new-city authorities, apply unified evaluation criteria for investment applications, and maintain comprehensive digital records throughout every stage of the investment process.

 

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