Mostakbal Misr to become standalone sovereign economic powerhouse
· Egyptian market news · MISR
The Mostakbal Misr land reclamation and sustainable development initiative is being transferred from the Defence Ministry to direct presidential authority
The agency will operate outside standard state administrative frameworks.
Its mandate is broader than food security.
Mostakbal Misr will fold in all its current lands as specialized development zones.
The draft law creates two specialized funds
Why it matters: become a powerhouse taken over the buying role