Egypt Independent

Housing Minister ratifies sealed envelopes system instead of land auctions


Housing Minister Mostafa Madbouly announced on Monday replacing the land auctions with sealed envelops.

During a conference on launching development in New Alamein City by the new year, in partnership with private sector, the minister indicated several alternatives to carry out projects with the private sector in the coming period.

Madbouly said that the government is working on solutions for many problems of investment, adding that many of the problems will be resolved before the economic summit slated for March.

Edited translation from Al-Masry Al-Youm