Expert explains Finance Ministry allocating state-owned land on the Red Sea to reduce public debt
Why This Matters
Key context: <p>Economist Fakhri al-Fiqi explained that the decision to allocate 112 million square meters of state-owned land in the Red Sea governorate to Finance Ministry for investment purposes does not entail selling the land or transferring its ownership. During a phone interview with the “Modern MTI” television channel on Friday, Fiqi noted that this allocation is …</p> <p>The post <a href="https://www.egyptindependent.com/expert-explains-finance-ministry-allocating-state-owned-land-on-the-red-sea-to-reduce-public-debt/">Expert explains Finance Ministry allocating state-owned land on the Red Sea to reduce public debt</a> appeared first on <a href="https://www.egyptindependent.com">Egypt Independent</a>.</p> This development from egyptindependent.com highlights ongoing changes in the sector.
Economist Fakhri al-Fiqi explained that the decision to allocate 112 million square meters of state-owned land in the Red Sea governorate to Finance Ministry for investment purposes does not entail selling the land or transferring its ownership. During a phone interview with the “Modern MTI” television channel on Friday, Fiqi noted that this allocation is … The post Expert explains Finance Ministry allocating state-owned land on the Red Sea to reduce public debt appeared first on Egypt Independent.
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