Attention:
Acquiring lands and properties (by a person or a group) that exceed 500 m2 in Cairo, Giza, Sinai or Alexandria as well as water resources or islands/peninsulas in Egypt won’t be considered valid and will be seized either in a later moment or by keeping away the acquirers and disabling any projects or any related processes (any demolition will be reversed to previous conditions and any construction will be stopped), from the 7th of November 2024 (this will also apply for incomplete projects starting from the mentioned date so be advised to return the properties and request a refund).
This is to protect the Egyptian assets/properties and prevent wasting them. Also, the people involved from the Egyptian government or other entities will be required to refund the Egyptian people for any assets sold prior to this message if it wasn’t possible to have them back by transferring any payments received to the Egyptian Support Account in the Algerian Central Bank. Foreign governments aware of any sales of the Egyptian assets and properties must cooperate in the refund process as this is now a pre-reduction requirement. Many thanks for your cooperation.