New Urban Communities Authority (NUCA) will offer new partnership projects to property developers in Upper Egypt this month, NUCA’s Vice President, Kamal Fahmy, told reported Amwal Alghad.
The new projects will be part of the second phase of the government’s public-private partnership (PPP) program, according to Fahmy, and will be located in New Beni Suef, New Minya, New Assiut, and New Tiba.
NUCA is said to currently carry a knowledge bank of all details about the investor including the authority’s assessment, approvals to provide lands, and guarantees.
The first stage of PPP projects was launched during Egypt’s Economic Development Conference held in Sharm El-Sheikh in March 2015.