China’s CFLD Plans to Invest USD 20 bn in Egypt Halted: Officials

Officials in charge of delivering a USD 20 bn development in the New Administrative Capital (NAC) said two years of talks with China Fortune Land Development (CFLD) have halted following financial disagreements be ...

ACUD Receives Former Ethiopian Prime Minister, AIIB Delegation

The Administrative Capital for Urban Development (ACUD) welcomed on December 12 the former Prime Minister of Ethiopia Haile Meriam Desaline to introduce him to one of the most important development projects in Egy ...

NAC’s 1st Phase is 70% Sold Out: Spokesman

Official Spokesman for the New Administrative Capital (NAC) Khaled Elhusseiny said on December 11 that 70% of the land area in the new capital's first phase - a total of 17,000 acres - has been sold out

NAC’s Smart City Costs EGP 30 bn: ACUD’s Chairman

Chairman of the Administrative Capital for Urban Development (ACUD) Ahmed Zaki Abdeen said that the expected cost of establishing a smart city inside the New Administrative Capital (NAC) stands at EGP 30 bn

Masharef Signs Cooperation Deals to Market 30 New Projects in NAC

Masharef for Real Estate Development has signed joint cooperation deals to market and sell 30 new projects in the New Administrative Capital (NAC), as it plans to raise its portfolio of projects, especially in Eas ...

Living Yards Kicks off The Loft Phase II in NAC

Living Yards Developments announced on December 4 the launch of the second phase of its residential project, The Loft, in the New Administrative Capital (NAC), following the success the project’s first phase had a ...

ACUD, Petroleum Ministry Ink Deal for First Cooling District in NAC

Egypt's property developer Administrative Capital for Urban Development (ACUD) has inked a deal with the Egypt's Petroleum Ministry to establish the first cooling district in the New Administrative Capital (NAC), ...

Pyramids Developments to Invest EGP 1.5 bn in La Capitale Project

Pyramids Developments has so far pumped investments worth EGP 450 mn in La Capitale project in the New Administrative Capital (NAC) and targets raising this figure to record EGP 1 bn in the coming two years.

81 Investment Projects Approved in Over 16 Cities: Official

Walid Abbas, assistant minister for community affairs of the New Urban Communities Authority (NUCA), said that 81 investment projects have been approved in more than 16 cities, spreading over a total of 13,697 acr ...

New Administrative Capital to Soon Embrace 1st German University

A high-level German delegation is looking forward to establishing the first international German university in the new capital, head of the New Administrative Capital Authority said on November 13

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