An official told Al-Sharq Bloomberg: Egypt is recovering land with an area exceeding 815 dunams in the city of New Alamein worth more than 20 billion pounds during the period from January to October 2026. The largest percentage of reclaimed land is concentrated in the area surrounding the financial and business center, which includes the "downtown" towers behind the International Coastal Highway. The government is currently working on preparing plans for service networks in the restored lands. Egypt will prepare the lands with facilities in preparation for their re-offer to investors during the years 2027 and 2028. Egypt relies on the profits of re-offering the reclaimed lands and selling them to investors to provide financial resources that contribute to the completion of the development of 39 new smart cities that are being worked on. Details:

An official told Al-Sharq Bloomberg: Egypt is recovering land with an area exceeding 815 dunams in the city of New Alamein worth more than 20 billion pounds during the period from January to October 2026. The largest percentage of reclaimed land is concentrated in the area surrounding the financial and business center, which includes the "downtown" towers behind the International Coastal Highway. The government is currently working on preparing plans for service networks in the restored lands. Egypt will prepare the lands with facilities in preparation for their re-offer to investors during the years 2027 and 2028. Egypt relies on the profits of re-offering the reclaimed lands and selling them to investors to provide financial resources that contribute to the completion of the development of 39 new smart cities that are being worked on. Details: