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10% average increase in New Capital’s land prices
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.
VOW Developments targets EGP 500m in sales
Company intends to direct EGP 200m in construction works in the current year, says CEO
Egyptian expats to establish medical city at NAC: emigration minister
GAFI to establish a special unit for Egyptian expats
DSOA explores investment opportunities in Egypt’s smart cities, mainly NAC
Dubai Digital Park was established with $408m investments
MBG aims to establish 100-feddan villa project in NAC
Company plans to deliver Pukka project in New Capital in 2022 and 2023, says chairperson
Oracle makes lucrative offer to provide services to new administrative capital’s data centre
Waleed Abdul Hamid, Oracle’s Sales Vice President of Application Solutions in CATLEENA, said the data centre aims to host an unlimited number of clients from government agencies and ministries in the capital for a nominal financial figure.
300 companies invests in New Administrative Capital project: ACUD
Dubai’s real estate sector has achieved AED 80bn in 2018, says DLD assistant director
Q4 expected to boost real estate sales unlike previous three quarters
Real estate exhibitions are a destination dedicated to all those looking for opportunities to move to a new housing or investment opportunity in the constantly rising real estate market.
ACUD signs MoU with Germany’s Dorsch to manage, operate water, sewage utilities in NAC project
The MoU expected to turn into contract within six months, says Deutche Wasser International’s managing director
12 companies qualify to implement solar power plants in NAC
The list includes Orascom, El Sewedy, Infinity, Ibn Omairah, and Light Source, companies to submit bids on 16 October
Museum of Egypt’s historical capitals to be established in NAC
The Supreme Council of Antiquities signed an agreement with El Massa for Real Estate Development and Investment over the new museum which will be located in the arts and cultural city of the New Capital.
Relocation of Ptolemaic burial chamber from Sohag to New Administrative Capital faces heavy criticism
The burial chamber belongs to a nobleman called Toutou and his wife who was a musician for goddess Hathor. It was accidentally discovered in April, during a police raid on an illegal excavation site.
ACUD negotiates with Emirati investor to develop EGP 18bn project in New Capital
Ten companies paid only 2% of land cost
Pyramids to start offering units of NAC’s Paris Mall soon: chairperson
Company’s investments in NAC reached approximately EGP 6bn, says El Kholy
35% of Tower Bay’s first phase to be completed year-end
Company develops EGP 700m commercial administrative project in New Cairo
Egypt, Bombardier agree to build two monorails
Bombardier was selected to establish a €3bn monorail project in Egypt in May. Bombardier will deliver the project in partnership with two Egyptian companies Orascom Construction and the Arab Contractors.
Misr Italia to establish Mideast’s first vertical forest in NAC
“We aim at introducing trend-setting concepts that can improve the Egyptian real-estate sector and sustain the country’s plan to achieve environmental sustainability,” Mohamed El-Assal, CEO of Misr Italia Properties, said during a press conference on Wednesday.
Major S. Korean companies, embassy officials visit New Capital
Korean investors keen to participate in Egypt’s megaprojects, says ambassador
Cairo Capital mulls new administrative project in NAC
Company aims to acquire 1000-acre plot of land in Sheikh Zayed Extensions
ACUD allocates lands to 12 companies in R8 in New Administrative Capital
Company launches competition to choose name, logo for NAC
The Address Investments targets EGP 3.2bn sales by year-end
Company to launch 2 new branches in Saudi Arabia, UAE in H1 2020, says CEO
Trial run for New Administrative Capital’s airport to start Tuesday
The ministry of civil aviation will begin an experimental operation for the New Capital’s airport on Tuesday, after the completion of its operations and the preparation for the reception of flights, state-run MENA news agency reported.
Real estate developers deny withdrawal of their lands in New Capital
In this context, it should be noted that in no case may the land be withdrawn from any of the developers contracting with the ACUD on various activities without obtaining a final judicial decision.
Edge Holding achieved EGP 500m in sales of OIA project H1 2019
The OIA project is spread over 30 feddan in the NAC, composed of only 20% of building areas, which include 1,300 units.
Egypt breaks Guinness World Record with longest Iftar table
The 2,889-metre-long table offered food for 7,000 people, including the representatives of the Guinness World Record, according to a statement by the Administrative Capital for Urban Development (ACUD).
Akam launches 3rd phase of Scenario compound
Amer revealed that the company plans to inject EGP 300m in investments in the third phase of ClubView that will comprise of units with sizes ranging between 132-452 sqm.
DOJA markets 50% of Aurora project within nine months
Company plans to deliver project in May 2022, says sales manager
Majid Al Futtaim targets to open 3 Carrefour branches in New Administrative Capital
Company inaugurates first integrated mall in Ismailia with investments of EGP 200m
IDB buys land plot in New Administrative Capital for its new headquarters
Bank recently opened 11 branches across Egypt
New branch of Amiria Press to be established at NAC
The Trade and Industry Minister’s assistant, Ahmed Taha, said that a new branch of the Amiria Press is under construction in the New Administrative Capital (NAC). This comes as part of the ministry’s plan to develop the system of services provided by the Amiria Press and enhance its role in raising the national security level …