NUCA Allocates 4.7k Land in 1 Year

NUCA Allocates 4.7k Land in 1 Year

The Board of the New Urban Communities Authority (NUCA) reviews its schedule from January 2022 until the end of January 2023, Invest-Gate reports.

Chairman of NUCA and Minister of Housing, Assem Al-Gazzar, notes that the meeting discusses allocating 666 plots of land with a total area of 4,713 feddans under the asset transfer system.

Al-Gazzar adds that the board holds 14 meetings during the mentioned period discussing 979 topics.

Among the discussed topics are approval of the authority’s final account for the year 2022/2023, the approval of the budget for the fiscal year 2020/2021, granting a deadline to companies and entities in the Northwest Coast region, and increasing the number of units beyond what is permitted by the requirements for plots of land for small housing, and approving some incentives and facilitations to increase the demand for allocating investment lands in some new cities, the minister reveals.

He states that NUCA’s board meeting also explores granting a grace period free of charge as additional facilities for all plots of land being implemented, and granting a grace period for finishing facades, fences, and a habitable unit for residential plots of small areas in new cities, and granting facilities for exemption from delay fines by 90% to pay late financial dues on residential, administrative and professional units, shops and plots of land.


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