File Photo: Future of Egypt for Sustainable Development in Almaza, part of Heliopolis district . Photo courtesy of Egyptian Presidential website.
The law follows its approval by the House of Representatives earlier this month and grants the authority administrative, financial, and technical independence after transferring its affiliation from the Ministry of Defence.
Under the legislation, the authority is empowered to incorporate state-owned land and companies into its operations and manage designated sustainable development zones that enjoy tax exemptions under the law.
The law also settles the legal, regulatory, and operational arrangements resulting from the transfer, aiming to provide the authority with greater flexibility as it expands its development activities.
During parliamentary debates, lawmakers said the restructuring seeks to strike a balance between competitiveness, governance, transparency, and disclosure while safeguarding national security.
Parliament's report on the bill described the authority as "a driver, facilitator, and partner in sustainable development," rather than an entity that monopolises development, saying the new legal framework would encourage broader partnerships and investment.
The FOE has significantly expanded its role in recent years. Since 2024, it has been tasked with managing one of the world's largest wheat import programmes on behalf of the Egyptian state.
Originally launched in 2017 to implement agricultural land reclamation projects using modern irrigation systems and precision farming technologies, the authority has since broadened its operations.
According to official figures, the authority has reclaimed around 4.5 million feddans of land across Egypt, including projects in the New Delta, Minya, Beni Suef, desert hinterlands, Sinai, and Aswan, making it one of the country's largest agricultural development entities.
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