Arab Finance: 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, a statement revealed.
Dubbed The Crest, the project will be established on a 157-feddan area in eight years, in cooperation with IL CAZAR.
The project will contribute to luring numerous companies to Egypt which, in turn, contribute to securing foreign currency, UDC’s CEO Mohamed Zaher noted.