The New Urban Communities Authorities (NUCA) has priced a-155-acre-land plot in New Cairo for EGP 5,500 per meter square, according to unnamed sources in NUCA, Al Borsa reported.

Nagd El Nile for Saudi real estate investments has requested the plot for a seven-year- project, valued at EGP 3.58 bn, and is expected to take ownership of it within the upcoming three months once full payment is finalized.