The New Urban Communities Authority has approved the allocation of 53 mixed-use plots in 22 new cities across Egypt, reflecting the state’s commitment to ensure sustainable urban planning and design, Invest-Gate reports.
These lands are put forth for the establishment of various integrated urban projects, including schools, factories, hotels, hospitals, shopping malls, office spaces, recreational/tourism projects, among others, as part of the country’s national strategy for urban development, according to a ministerial statement on October 15.
The breakdown of plots includes 12 parcels in New Cairo and four others in each of Sadat City and Badr City, separately. This comes in addition to three lands in each of 6th of October City, Obour City, New Nubaria, New Borg El Arab, New Assiut, and New Sohag.
Further, each of the New Administrative Capital (NAC), Shorouk City, 10th of Ramadan City, 15th of May City, West Assiut’s Nasser City, New Obour, New Alamein, New Salhia, New Qena, New Fayoum, New Minya, and New Beni Suef will see the allotment of one land plot, Minister of Housing, Utilities, and Urban Communities Assem El Gazzar confirmed.
The announcement came during a video conference between El Gazzar and NUCA officials, where the minister uncovered the mandate of a new mechanism to streamline the process for investors looking for lands in new cities, specifically with areas of not more than five acres, the statement noted.
This is besides the official approval for another method to deal with investors seeking opportunities in the beach area of New Alamein, North Coast, El Gazzar further stated.
In 2019, the government nodded the new direct land allocation system which, according to the housing minister, has so far garnered great success from private investors, who contribute to developing newly-established fourth-generation cities and increasing the rates of urban land expansion in existing areas, as highlighted in a previous ministerial statement.