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Authority received 1,496 requests to acquire land in new cities through market-oriented mechanism
Private real estate developers have made recognised efforts in the sector, becoming a catalyst for rapid growth of fourth generation cities.
North Coast development projects promote Egyptian government’s plan of year-round residency in the region
Misr International Chairperson Ahmed Elmassry said the contract is a typical step in the commencement of preparations for consultancy and engineering studies for the Passero project.
Established as a partnership between the New Urban Communities Authority and the Housing and Development Bank, City Edge represents the Ministry of Housing, Utilities, and Urban Communities in the three MoUs, Minister Assem El-Gazzar said.
He added that the Ministry of Housing represented in the New Urban Communities Authority has spent EGP 25bn in housing and infrastructure projects in the city, of which roughly EGP 8bn for providing public facilities.
Sales for first phase reached EGP 700m
Company launches New Alamein Downtown apartments for delivery in 2020
The new party venue can accommodate up to 20,000 people in different categories ranging from regular to seated and lounges for corporate and VVIP guests.
Castle Development plans to launch the second phase of Castle Landmark, the company’s flagship project situated at the New Administrative Capital (NAC) this month, with a total investment of EGP 550m, according to Ahmed Mansour, CEO of Castle Development. This month has also seen the company launches its new 7,600 sqm commercial project, East Side, …
Company aims to record EGP 10bn in total sales of GAIA project, says CEO
Pyramids Developments plans to launch two tourism projects in both the North Coast and New Alamein in the second half (H2) of 2019, according to Tayeb Mohamed Tayeb, the vice chairperson of the company. Tayeb said that the company plans to launch a series of investment projects for the company in real estate, tourism and …
Company markets 70% of OIA project in New Capital
University to be established, including academic buildings, student dorms, scientific research city
The New Urban Communities Authority (NUCA) signed a memorandum of understanding (MoU) with Chinese construction company CGCOC Group to establish the first industrial zone in the city of New Alamein. Egypt’s minister of housing, Mostafa Madbouly, said in a press statement on Tuesday that the signing of the MoU is considered the beginning of establishing …
Company will market projects in New Alamein in June, targeting EGP 1bn sales
Elsewedy has 8.2m sqm; 70% of total land is developed, about 50% sold, says Alkammah