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Egypt's Cabinet Approves Re-allocating State-owned Lands


Thu 02 Feb 2023 | 02:24 PM
Ahmed Emam

Egypt's Cabinet approved on Wednesday a presidential draft resolution on re-allocating a number of state-owned land plots in the Sohag governorate, Upper Egypt.

According to the Cabinet media center, the governorate will use such lands in carrying out several service and developmental projects, as part of the presidential initiative " Decent Life."

The government of Mostafa Madbouly also agreed on a presidential draft decision regarding the re-allocation of two state-owned land plots in the Suez governorate for the Ministry of Electricity and Renewable energy, the center noted.

The lands will be used in implementing electricity generation projects, it added.

Moreover, he Cabinet approved draft agreements between the Egyptian General Petroleum Corporation, the Egyptian Natural Gas Holding Company, and a number of international companies.

Under the agreements, the Egyptian General Petroleum Corporation will be responsible for oil exploration in areas west of Wadi Natrun, east of Siwa, west of Magharra, west of Abu Gharadiq, east of Alam Saweesh, and in the Gulf of Suez.