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The land allocation will ensure that the company can now proceed with the development of an integrated urban project in the new Upper Egypt development.
During a press conference on Tuesday, Sawiris said that Ora Developers is negotiating for a further 200 feddans of neighbouring land, on which to expand the development and include more integrated services.
NUCA initiates new land allocation system, entitled the Market Oriented Mechanism
The decision covers all eateries and cafeterias in NUCA-affiliated new cities, and covers the period of closures due to the novel coronavirus (COVID-19) pandemic.
Bank has leant its support to Egypt’s largest local currency bond issuance
Authority has embarked on ambitious investment plan to develop several new cities across Egypt
Authority receives 3,000 requests to obtain lands through market orientation mechanism, of which 650 pay down payments
144-feddan project to be developed over 4 phases
Allocating 32 plots of land in six new cities to establish service, commercial, and administrative projects
SODIC had signed the partnership agreement for the 500-feddan plot with the NUCA in March 2019. Since then, the company has been awarded the ministerial decree and launched the first neighbourhood of the project “VYE” which achieved over EGP 1bn in booked sales.
The NUCA has handed over a 500-feddan plot of land to Emaar in Sheikh Zayed Extension City for another full-service residential project with investments worth approximately EGP 37.8bn and will create more than 70,000 direct and indirect jobs.
During a Sunday press conference, Emara stressed that without establishing cooperation between real estate developers and the state, there will be no new cities, noting that the state builds infrastructure of new areas, which facilitates developers’ work later.
SECON to market 417-feddan urban area in the first phase of the project, says CEO
New mechanism encourages companies to acquire new land in a safe, stable way away from land dealers, brokers, says developer
Sukuk will attract new blood, raising awareness is challenging, says El-Sawy
NUCA presents investment opportunities to developers through its website
Authority received 900 requests for land allocation, says assistant housing minister
Total investments of projects scheduled for approvals recorded EGP 300bn, says Walid Abbas
State focuses on overcoming any obstacles facing investors working in New Alamein city
Project comprises of 30 commercial units, 70 administrative units
The board of directors of the Better Home Group company issued a decision to abolish expenses of transferring units’ ownership in the company’s projects, estimated at about 6% of the total value of the residential unit, as a facilitation for customers. The company pointed out that the board of directors decided to abolish these expenses …
Palm Hills Developments announced, on Sunday, that that its subsidiary, Arkan Palm for Real Estate Investment Company, of which Palm Hills owns 40% stake, signed a mixed-use co-development agreement with the New Urban Communities Authority (NUCA) on a revenue sharing basis. The project will be built over 205 feddan in Sheikh Zayed City. It will …
The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, and the Minister of Public Enterprise Sector, Hesham Tawfik, witnessed the signing of a cooperation protocol between the Metallurgical Holding Company, affiliated to the ministry of public enterprise sector, and the New Urban Communities Authority (NUCA), affiliated to the ministry of housing, in order …
No competition exists between state, developers in new cities, says NUCA assistant housing minister
Ministry issued 115 ministerial approvals on new real estate projects, distributed over 15 cities during past year, including 23 projects in New Administrative Capital, says Abbas
EGP 7.8bn of sales achieved from offering 5 skyscrapers in New Alamein city, says Abbas
EGP16BN IL Monte Galala’s investments, 2,700 units sold out thus far, Says Managing Director
The deputy chairperson of the New Urban Communities Authority for Real Estate and Commercial Affairs (NUCA), Tarek Al-Sibai announced n a press statement on Wednesday that the sales of the second phase of “Sakan Misr” conditions booklets reached 6,650 for 22,244 units, in eight new cities in 17 days, since the reservation opened on 3 …
HDB stands as key beneficiary on continued flow of low-cost deposits
18 ministerial approvals for over 2,000-feddan area to be issued within 2 months