Egypt's cabinet approves land allocation, transport and investment decisions at Wednesday session

Egypt's cabinet, chaired by Prime Minister Mostafa Madbouly, approved Wednesday a package of eight decisions spanning desalination, ports, and investment.

• The cabinet approved allocating 69.26 feddans of state land west of Port Said for seawater desalination plants.
• It approved a contract licensing a company to build and operate an integrated logistics zone on 652 feddans near the Salloum port for 30 years.
• It authorized the state Survey Authority to complete compensation payments for land expropriated for the high-speed electric train route.
• The cabinet approved raising the National Asset Management Company's capital by 50 million pounds to 105 million.
• The cabinet approved founding the Sadat dry port as part of its eight-decision package.
• It authorized the Urban Development Fund to negotiate with an international company to manage hotel units in the Fustat View project.