The New Urban Communities Authority (NUCA) has agreed on assigning contracts for six new projects as part of the second phase of the public private partnership (PPP) projects, Invest-Gate reports.

Prime Minister and Minister of Housing, Utilities, and Urban Development, Mostafa Madbouly, has revealed that these projects will be built on an area of 2,363 acres with total investments of EGP 179 bn, while providing more than 400,000 job opportunities.

NUCA collaborates with private developers by allocating lands for them and providing payment facilities related to the land’s price for an exchange of a certain share in the projects established, Madbouly has confirmed.

Walid Abbas, Assistant Minister of Housing for the Affairs of NUCA, has said that the projects to be established will be residential, services, and entertainment.

He has also added that some projects will be located in Al Sheikh Zayed.