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MCR applies to purchase 110 feddans in New Administrative Capital

Modern Company for Construction and Real Estate (MCR) is seeking an area of ​​110 feddans in the New Administrative Capital and applied for acquiring lands, according to Mohamed Abdel Mohsen, chairperson of MCR. Abdel Mohsen told Daily News Egypt that MCR plans to pump EGP 1bn in the construction of its projects during the coming …

Shaimaa Al-Aees

NUCA agrees with Canadian Bombardier to implement monorail line in New Administrative Capital

The New Urban Communities Authority (NUCA) signed a memorandum of understanding with Canadian Bombardier to conduct feasibility studies on a monorail line connecting Nasr City to the New Administrative Capital. Mazen Hassan, the vice chairperson of NUCA for the Commercial, Administrative, and Financial Affairs, said that the Canadian company will conduct feasibility studies, which include …

Daily News Egypt

ITIDA discusses with Saudi businesspeople investment opportunities in New Administrative Capital

Asmaa Hosni, CEO of the Information Technology Industry Development Agency (ITIDA), has received a delegation of leading Saudi investors to discuss investment opportunities in the City of Knowledge in the New Administrative Capital. The meeting reviewed the competitive advantages and investment opportunities in new Egyptian technological parks, especially the City of Knowledge, which will be …

Daily News Egypt

Egypt is full of investment opportunities: Informa Chief Executive

The Ministry of Housing is preparing to offer lands for services at the New Administrative Capital by the end of the coming year, according to Assistant Minister of Housing Khaled Abbas. Abbas said that the government will provide more facilities and privileges for the investors in the coming period. He added that 13 investors have …

Shaimaa Al-Aees

Withdrawals grant government a chance to rethink new capital project: UC chairperson

The Ministry of Housing, Utilities, and Urban Communities said in a statement issued on Wednesday that the China State Construction Engineering Corporation (CSCEC) has withdrawn from the new administrative capital project, which had been announced during the Sharm El-Sheikh conference in March 2015. According to the statement, the company decided to withdraw over financial disputes. …

Hisham Salah

Polaris studies launching real estate projects in New Administrative Capital, 6th of October City

Real estate director at Polaris Parks Bassel Shoirah said that Polaris International Industrial Parks, an industrial developer, is negotiating with the Ministry of Housing to obtain lands in the New Administrative Capital, 6th of October City, and Fifth Settlement. Shoirah told Daily News Egypt that his company is looking for developing middle-income housing in the …

Shaimaa Al-Aees