ACUD’s asset value hits EGP 1T

Updated 9/16/2024 1:56:00 AM
ACUD’s asset value hits EGP 1T

Arab Finance: The value of the Egyptian state-owned Administrative Capital for Urban Development Company’s (ACUD) assets has reached EGP 1 trillion so far, driving the country’s economy, Chairman Khaled Abbas told Asharq Business.

Abbas pointed out that 70% of the New Administrative Capital (NAC) was finalized.

He added that the construction works of the second phase’s facilities are set to start by the first quarter (Q1) of 2025.

 

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