Presidential Decree Allocates Red Sea Land to Reduce Public Debt
The Official Gazette published a presidential decree allocating a large area of land in the Red Sea governorate to the Ministry of Finance.
A new presidential decree has been published in the Official Gazette, officially allocating a significant land area to the Ministry of Finance.
The allocated land in the Red Sea governorate spans approximately 2,669 feddans.
This measure aims to support state plans directed at reducing the public debt.
Additionally, the decision aims to facilitate the issuance of sovereign sukuk in accordance with established regulations.
The decree was officially documented by being deposited at the competent real estate registry office.
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