The New Urban Communities Authority (NUCA) has approved the allocation of 50 plots in 16 new cities for mixed-use activities, in line with the state’s keenness to boost urban development and present additional investment opportunities across Egypt, Invest-Gate reports.
New Sohag gets the lion’s share of land allotments as 15 plots, with a total area of 25,444 square meters, have been allocated for commercial, administrative, residential, and logistical ventures, Minister of Housing, Utilities, and Urban Communities Assem El Gazzar revealed in a recent official statement.
Further, New Tiba sees the allocation of nine other lands, spreading across 122,567 square meters in area, for the establishment of three universities, in addition to multiple commercial, administrative, and residential developments, the minister continued.
In New Alamein, almost 90 acres were extended for acquisition for the implementation of an integrated urban project. This is besides allotting an 8,619-square-meter land for the execution of a school in New Mansoura, paired with another 2,195-square-meter plot for a fueling station and a car service center in New Minya.
New Fayoum assumes an area of 3,291 square meters for constructing an integrated project, whereas each of New Beni Suef and New Qena for the establishment of a university and commercial development, separately.
Meanwhile, two parcels were extended in each of New Assuit, New Aswan, and west Assiut’s New Nasser City for a school and university, an exhibition and a bakery, and an administrative/commercial complex, respectively.
NUCA also nodded the extension of seven more land parcels in Sadat City, with an area totaled at 513 acres, for carrying out three industrial factories and four agricultural projects, El Gazzar noted.
Another three plots, with a total area of 202,350 square meters, were allocated for developing a sports club, a factory, and an integrated urban project in New Cairo. As for the western edge of the capital, New October sees the offering of a 5,142-square-meter land for educational ventures.
Sharqia’s 10th of Ramadan City gets two plots, with an area of 67,827 square meters, for commercial and agricultural activities. Two others were earmarked in Badr City for building a university and other mixed-use developments, according to El Gazzar.
Last December. Vice President of NUCA for Commercial and Real Estate Affairs Mohamed Anwar Hilal said investors can apply for acquiring two state-owned parcels of 880.99 and 21.83 acres, separately, in Giza, which are being reallocated for developing additional urban areas, as highlighted in an earlier ministerial statement.