Nile land sell-off triggers Gulf race
Reports indicate that the Egyptian government has begun offering 136 strategic land plots along the Nile Corniche in Cairo and Giza to foreign investors. These include areas overlooking the river and near sensitive sites, with the aim of developing them into tourism, residential, and commercial projects. Widespread evictions over recent years suggest that large neighborhoods along the Nile have been expropriated for redevelopment. There are concerns that this process may lead to land falling into the hands of Gulf investors, potentially compromising national security and diminishing the rights of future generations to these strategic assets. This trend reflects a government move to sell Nile River land at high valuations, despite criticism of the economic and political risks involved—especially given the relatively small financial return compared to the loss of valuable urban and strategic resources.
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