Egypt's 'Future of Egypt' Authority Reformed into New Economic Body with Expanded Powers
President Abdel Fattah al-Sisi has approved legislation to reform the 'Future of Egypt' authority into a new economic body with expanded powers. This reorganization allows the authority to create tax-exempt sustainable development zones, manage state-owned businesses, and oversee financial and investment funds. The authority has been instrumental in Egypt's food security, managing large wheat purchases since 2024, and has diversified into real estate, energy, and manufacturing. The project is strategically located near major transport links, supporting large-scale agriculture with significant canal and irrigation expansions.