Egypt's law allows allocating 30% of lands of industrial, tourist areas to SMEs

CAIRO - 22 September 2022: Egypt's law allows allocation of vacant lands in industrial and tourist areas for small and medium enterprises. 

 

This was stipulated in the executive regulations of the Law on the Development of Small, Medium and Micro Enterprises.

 

The law determines the percentage of these lands allocated to projects to be at least 30 percent, in line with the nature of the licensed activities intended to be practiced in the industrial and tourist areas, urban communities and lands Agricultural reclamation and other lands. 

 

In accordance with Article (2) of the law, the mandate-holders are obligated to:

 

1- Attaching, dividing, planning and offering the lands allocated for projects, according to the nature of the activities intended to be practiced within the regions.

 

2 - Making available all data of the lands allocated for projects, while coordinating and cooperating with the Agency in planning these lands.

 

3- Coordination with the Agency when disposing of a sale, lease, lease ending with ownership, licensing the usufruct right, selling the usufruct right, or sharing the land as an in-kind share in the projects.

 

4- Determining its representatives in the service delivery units with maps of the available lands and all data on those lands, with the possibility of obtaining and submitting applications through the service delivery units.

 

While Article (3) states that it is permissible to establish industrial complexes that serve agricultural or animal production on agricultural lands, and the lands on which these projects are to be established are determined by a decision of the Prime Minister based on a proposal by the Agency in agreement with the authorities with jurisdiction, and the concerned ministers.