Egypt has launched an online service for submitting building license applications in new cities, Minister of Housing, Utilities, and Urban Communities.

The New Urban Communities Authority (NUCA) and a consortium comprised China State Construction Engineering Corporation’s (CSCEC) umi and IGI Developments signed the management and operation of the Central Business District (CBD) in Egypt’s New Administrative Capital.

The New Urban Communities Authority (NUCA) has signed a contract with the Saudi real estate firm Samla and Alm El Room Urban Development Company to swap roughly 949 feddans of land in Matrouh’s Alm El Room area for two plots of land in New Cairo.

The Abu Dhabi-based invested fund ADQ has started construction work on the Ras El-Hekma project, with the foundation stone to be officially laid on October 4th.

The Ministry of Housing, Utilities, and Urban Communities announced a 50% reduction in administrative fees for transferring ownership of residential, professional, and administrative units, shops, and lands in new cities.

Egypt’s New Urban Communities Authority (NUCA) has approved providing the Saudi Dallah Albaraka Group a 500-feddan land plot in East Cairo in exchange for the land that was withdrawn from the group in the North Coast through land swap.

The New Urban Communities Authority (NUCA) has signed a cooperation protocol with ZeroCarbon to recycle construction and demolition waste in new cities, as per a statement.

Polaris International Industrial Parks is looking to invest around $120 million in developing a 2.6-million-square-meter land in New October city, in collaboration with the New Urban Communities Authority (NUCA).

The General Authority of Investment and Free Zones (GAFI) has requested the New Urban Communities Authority (NUCA) to allocate three land plots, ranging in size between 150 and 200 feddans, to establish investment zones.

The New Urban Communities Authority (NUCA) has suspended the land allocation system for those paying in the US dollar from abroad starting June, Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar stated.

Egypt is preparing to double the number of public free zones, by adding 11 new cities during the current and next year.

The New Urban Communities Authority (NUCA) is planning to issue sukuk worth up to EGP 260 billion in the local market within 2024.

The New Urban Communities Authority (NUCA) has signed a deal with the UAE-based UDC Real Estate Development to allocate a plot of land for the establishment of an integrated urban project in New Cairo with investments exceeding EGP 60 million.

The New Urban Communities Authority (NUCA) has signed a contract with the healthcare services provider NHMC Egypt to allocate a plot of land for the establishment of an integrated educational medical urban project in Shorouk city, with investments of $300 million.

he New Urban Communities Authority (NUCA) has launched the foreign investment portal on February 4th to facilitate investment procedures, Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar announced.

Al-Ahly Pharos Investment Banking has successfully concluded, in collaboration with the Commercial International Bank (CIB) and CI Capital, the New Urban Communities Authority’s (NUCA) second securitization issuance worth EGP 15 billion.

The Egyptian New Urban Communities Authority (NUCA) has signed a contract with China State Construction Engineering Corporation (CSCEC) to design and execute Al Alamein Crystal Lagoons project in New Alamein City.

The Egyptian government has received land allocations requests from real estate developers worth $500 million during August and September, Chairman of New Urban Communities Authority (NUCA) Walid Abbas said.

Administrative Capital for Urban Development (ACUD) is planning to offer a 5% to 10% stake of its shares on the Egyptian Exchange (EGX) during the first or second quarter of 2024.

The Egyptian cabinet has ratified the Ministry of Finance’s proposed letter to the International Finance Corporation (IFC) to issue bonds in Egyptian pound in foreign markets.