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High level visit to NAC saw Prime Minister Mostafa Madbouly receive briefings on government district and other projects
Speaking at a press conference on Tuesday, the company’s CEO, Mohamed Lashin, said the project is the company’s second at the NAC. It will be constructed on a 12-metre high plateau of 37 feddan, in the R7 area.
Integrated housing project will be built on 23 feddans of land using EGP 1.3bn in investments
Company’s total investments in its projects stand at EGP 10bn, with further EGP 1bn set to be funnelled in 2020, CEO Lashin
The offers come as part of a limited tender to choose a contractor for the project’s construction. The tender’s envelopes are scheduled to be opened early next week, Khalil said.
Company has received 25 requests to obtain land in NAC, which are currently being considered, says ACUD official
During a tour for journalists of the project site on Sunday, Farag added that the Lafayette Mall is the first commercial project to be launched inside the downtown area. It includes six floors with built-up areas ranging between 35-40% of the total project space.
Digital capability development comes as part of institutional development enhancing long-term government performance
Sales witnessed significant improvement in 1Q 2020, but fell due to COVID-19 pandemic
Construction work has not stopped despite Covid-19 outbreak with projects remaining on schedule, say developers
The first project is Serrano compound, located in the R7 district, on an area of 15 feddan. It comprises 622 semi-finished units.
Social media reports on hantavirus groundless and irresponsible, ambassador Liao Li Qiang said
Maghawry elaborated that international offices depend in their business on general planning, not only internal services, so services and utilities will be the responsibility of ACUD as a whole entity.
Company intends to direct EGP 200m in construction works in the current year, says CEO
There are many people and companies that have been waiting for this first exhibition, and real estate experts have confirmed that a large segment of those are ones looking to buy distinct property in the NAC.
Egypt Gas aims to expand the construction of natural gas stations for Car Gas, Gas Tec
Company expects to sell 70% of its second mall by year-end, says chairperson
El Attal expected to achieve a large rate of sales for the Park Lane project, especially with the government administrative district being so close to them, which will garner great demand for investments.
The ECB founder Mohamed Abdel Ghany said the NAC accounted for a large share of the company’s projects, namely IL Bosco and Vinci by Misr Italia Properties, and Capital 1 and Capital 2 developed by Safwa for Urban Development.
Waleed Abbas, assistant housing minister for community affairs of NUCA, said on Monday that Sports City is located north R3 in the NAC, on 92 feddan, and includes a football stadium complex, an indoor hall, swimming pools, squash complex, and a tennis court complex.
GAFI to establish a special unit for Egyptian expats
Dubai Digital Park was established with $408m investments
On the sidelines of the signing agreement’s press conference with Orange Egypt, which finalised the establishment and operation of the Administrative Capital data centre on Monday, Abdel Latif noted that the company is still receiving requests from foreign and local companies to obtain the rest of the lands in the first phase of the project, which amounts to 6,500 feddan, and the company is studying serious offers from them.
Boulos pointed out that the built-in area percentage in the project is 18%, less than the allowed 22.5%. The project also includes services such as a mall, an administrative building, and large green space and landscapes.
Project includes 24,000 sqm-areas for sale and construction will start in mid-2020
The ECG said that the CBE headquarters in the NAC will be built on an area of 130,000 sqm.
Shoura council building is being designed to be ready after elections, says ACUD chairperson
Project to be running before 30 June 2020
Abbas added that the contracted company has been working in the Green River area for the past six months.
According to a press release issued by the company, the Knowledge Hub project is the first educational project implemented by ACT in the New Administrative Capital (NAC) for the benefit of international knowledge universities, affiliated with El-Sewedy Foundation for Educational Services