The Administrative Capital for Urban Development (ACUD) company announced the allocation of about 263 feddan in residential area (R8) for 12 companies and associations including six companies and five associations, according to ACUD’s statement.
The ACUD published a list of the names of the companies that obtained plots of land, namely the faculty members’ club at Ain Shams University, which received plot of land on an area of 18,14 feddan, and Aqar Masr for Real Estate Development on an area of feddan acres, and La Verde Egypt obtained plot of land on an area of 33,4 feddan.
Cornerstone Real Estate Development company acquired a plot of land on 10,87 feddan and Dream Housing Society acquired a plot of land on an area of 35,5 feddan.
In other context, the ACUD announced in a press release on Wednesday the launch of a competition to select a name and a logo for the New Administrative Capital (NAC).
Participation in the competition should be done through the official website of the NAC (www.acud.eg) and the necessary data in the competition section should be filled in, according to Khaled El Hosseini, the ACUD’s spokesperson.
El Hosseini said, “The terms of choosing a name and logo must take into account many considerations including expressing the Egyptian personality/uniqueness, originality, simplicity, lack of complexity (not more than two words – easy pronunciation), clarity of meaning and no ambiguity, and not expressing political party or religious orientation and many other determinants mentioned on the website.”
Furthermore, he added that prizes will be awarded with a total amount of EGP 250,000, the value of the first award is worth EGP 75,000, while, second award reaches EGP 50,000 and the third amounted to EGP 25,000. In addition, there are a number of 10 promotion awards each worth EGP 10,000. The competition will be open for applications during the period from 18 July to 17 August 2019.
A jury of specialists will be formed to evaluate the submitted proposals and to determine the best of all submitted proposals, he noted.