State-run Administrative Capital of Urban Development (ACUD) and Egypt's mobile network operator Orange Egypt have teamed up to set up Africa's largest data center for cloud services in the New Administrative Capital (NAC).
Talaat Moustafa Group (TMG) Holding maintained a stable pace of development last year, with real estate transactions dipping by 4% only to hit almost EGP 20.4 bn versus sales in 2018.
Assistant Vice-Chairman of New Urban Communities Authority (NUCA) Gamal Talaat said the upgrading of New Cairo's Obour Axis is underway, which connects 90 Road to Ain Sokhna Road, with investments worth EGP 170 mn.
VOW Developments has made its debut in the Egyptian real estate market with a new 6,600-square-meter administrative complex in the New Administrative Capital (NAC), pumping investments worth EGP 1.1 bn.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar mandated on January 5 the voluntary removal of all encroachments and building violations on lands and residential units in New Cairo and New Alamein.
The Egyptian government agreed on January 5 to undertake extensive renovation works at downtown and south Mansoura, with costs estimated at EGP 250 mn, intending for completion by next year.
Dolmen Developments intends to step into the Egyptian property sector with the execution of three administrative and commercial projects in the New Administrative Capital (NAC), aiming to invest more than EGP 1 bn.
Prime Minister Mostafa Madbouly has unveiled that the New Administrative Capital's (NAC) government district is almost 71-88% complete, in preparation to relocate public employees to the new capital over batches by next June.
The online reservation of 6,101 residential units, located in 13 new cities within Sakan Misr and Dar Misr middle-income housing projects, has commenced as part of the state's plans to accommodate families of all income brackets.
Merely 10,666 residential units are ready to rehouse informal housing dwellers in Cairo, coming as part of the state's keenness to become a slum-free country.
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