The Council of Ministers approved a draft law regarding issuing some rules and procedures for the disposal of private state property
The Council of Ministers approved, during its meeting today; Headed by Dr. Mostafa Madbouly, Prime Minister, a number of important decisions were passed, as the Council of Ministers approved a draft law regarding issuing some rules and procedures for the disposal of private state property. The draft law came in 4 promulgation articles and 14 substantive articles, and it was stipulated that notes be included. Which the ministers expressed in the discussions.
The Council of Ministers also approved a draft law regarding granting a commitment to finance, design, construct, exploit, maintain, and redeliver the dry port and logistics center in 10th of Ramadan City, to the " ;midlog" Global, through a system of partnership with the private sector.
This comes within the framework of stimulating the private sector to participate in infrastructure projects, facilities and public services, as this vital project pushes towards serving the movement of trade through Egypt, and improving the level of logistical services provided at the ports. Marine.
The Council of Ministers approved a draft decision by the President of the Republic to allocate an area of 15.25 acres, from privately owned state-owned land, in the Cairo Governorate district, north of the May 15 City expansion, for the benefit of the Ministry of Social Solidarity, to be used to establish two affiliated penal institutions. For them, one for boys and the other for girls.
The Council of Ministers also approved the Prime Minister’s draft decision authorizing the Suez Canal Authority to participate in establishing a joint-stock company called “Al-Alamein Ports and Yacht Management Company,” whose main purpose will be to establish and operate a yacht marina. On the North Coast, in accordance with the provisions of the Law of Joint Stock Companies, Partnerships Limited by Shares, Limited Liability Companies, and Single Person Companies, Law No. (1) of 1996, and the Investment Law.
During the meeting, the Council of Ministers was informed of the approval of the Board of Directors of the New Urban Communities Authority, In its sessions No. 186 and 187, held on February 11 and 19, 2024, it received requests to allocate some plots of land to a number of companies, using the system of selling in US dollars from outside the country, in various areas, with a number of (62) requests, in the cities of: New Damietta, October Gardens, New Obour, New Assiut, New Sohag, New Cairo, New October, Badr, Shorouk, 10th of Ramadan, and New Burj Al Arab, to implement residential, hotel, commercial, administrative, investment, medical, urban, recreational, spinning and weaving, and food industries activities. And a car catering service station, playgrounds, and other activities.
The Council of Ministers approved transferring the affiliation of Qift Teaching Hospital, in Qena Governorate, affiliated with the General Authority for Hospitals and Educational Institutes, to the Secretariat of Specialized Medical Centers affiliated with the Ministry of Health and Population.< /p>
This comes in order to make the most of the hospital’s medical and non-medical equipment, raise the efficiency of the treatment services provided by the hospital to patients residing in Qena Governorate with superior quality, and work to raise the efficiency of practical and scientific medical teams.
The Council of Ministers also approved amending some provisions of the executive regulations of the Investment Law, by adding a new article No. 76 bis 1, which stipulates that it is permissible in private free zone service projects established in implementation of partnership or investment contracts concluded by a state entity with the investor after the approval of the Council of Ministers, For the purpose of establishing major development projects, the private service free zone must include one or more sub-projects that undertake industrial activity in the field of light industries exclusively, provided that the area of the private service free zone for the main project is not less than one million square metres, and in accordance with the conditions and requirements contained in the contracts, controls and procedures. Which is established by the Board of Directors of the General Authority for Investment and Free Zones.
The Council of Ministers approved the draft decision of the President of the Republic to allocate a plot of land with an area of 125.2 acres, from state-owned land, in the Cairo Governorate district, in the Shaq Al-Tha’ban area, which specializes in the marble industry. For the benefit of the General Authority for Land and Dry Ports; This is to be used to establish a specialized dry port, to enhance the investment potential of this promising region, in accordance with the rules in force in this regard.
It was also approved to allocate a plot of land to the General Authority of Red Sea Ports; To be used in establishing the land port of Taba and the sea port, as part of the state’s plans for the development and reconstruction of Sinai, and the establishment of dry ports throughout the republic.
