WIRE — President Abdel Fattah El-Sisi ratified a new law reorganizing the Future of Egypt Authority for Sustainable Development, establishing a new legal framework for the state body as it expands its role in major development, food security, and investment projects. Published in the Official Gazette on Monday, 27 July, Law No. 147 of 2026 grants the authority, also known as Mostaqbal Misr, administrative, financial, and technical independence and transfers its affiliation from the Ministry of Defense to the Presidency. The legislation sets out a transitional framework for the authoritys restructuring, including the transfer of assets, the continuation of existing agreements, and the establishment of a new governance structure. The authority will have up to one year to adjust its status under the new law, with the possibility of extensions by presidential decree. Under the law, lands previously transferred to the authority may be designated as sustainable development areas by presidential decree within three months. Existing cooperation agreements, financing arrangements, and development projects will remain in force during the transition period. The law also transfers ownership of vehicles used by the authority, grants temporary licensing arrangements for certain industrial facilities in theContinue reading "El-Sisi Ratifies Law Restructuring Future of Egypt Authority" The post El-Sisi Ratifies Law Restructuring Future of Egypt Authority first appeared on Egyptian Streets.
"We aggregate wires to encourage regional discovery, sending readers directly back to the original source to explore full coverage."
This is a normalized overview of the breaking feed event. The complete, official release detailing all points, background context, and statements remains hosted by the original publisher.