Egypt launches new investment opportunities in New Damietta and New Obour

The Egyptian Ministry of Housing, Utilities, and Urban Communities has announced new investment opportunities in New Damietta and New Obour cities to attract foreign and domestic capital.

In New Damietta, the city development authority is offering various plots for immediate allocation in US dollars. These opportunities include commercial, residential, administrative, and medical sites. Specific plots include a 1,451.48 square meter commercial-residential site in the Fifth District and a 1,092 square meter medical site in the Second District. Projects must be completed within three years of land handover, with building percentages ranging from 30% to 60%.

In New Obour, the development authority is offering plots for commercial, administrative, residential, hotel-residential, and educational activities. Available sites include a 1,298 square meter commercial-administrative-residential plot in the Fifteenth District and an 18,033 square meter hotel-residential plot near the Middle Ring Road. Applications for the New Obour opportunities can be submitted electronically through the New Urban Communities Authority investor services portal from November 1 to November 15, 2026.