Land-value capture refers to policy mechanisms that enable governments to (1) create value from land and other immovable assets, (2) capture this value in the form of unearned increments and windfall gains, and (3) redistribute this value into new infrastructure and eventually public well-being. Although Egypt has known land-value capture as far back as the nineteenth century, an explicit narrative has emerged since 2014, albeit with anemic public disclosure of data. Based on reviews of secondary sources and reports, we describe how the cycle of public expenses to public well-being remains elusive in the Egyptian case. This is due to multiple intersecting factors, including unregulated land markets, exorbitant costs of serviced land, dysfunctional land registries, inaccurate land tenure, inadequate executive capacities, lack of disclosure and public participation, and acute financial centralization. Our main hypothesis is that LVC has evolved into a powerful mechanism for channeling LVC proceeds from public to private hands.