Egypt’s mineral resources are comparable to Gulf’s petrol, says Hegazi
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Last week, the authority offered 5 bids in 3 new cities
The bids offer service projects in Sadat, 15th of May and New Beni Suef cities
The step was taken to increase the supply of the US dollar in the Egyptian market, and fight the black or parallel market.
Commercial land parcels to be used for restaurants, document coping centres and cafeterias amongst other projects
CBE is set to raise dollar bids worth a total of $160m instead of $120m
Development projects will take place in Sadat, New Qena, and New Tayba