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.

Master Group Vice-Chairman Mohamed Mounir has unveiled the addition of the company's third real estate development in the New Administrative Capital (NAC) to its project portfolio in Q1 2021, while also affirming expansion into Upper Egypt.

Abdulmutallab Mamdouh, NUCA Vice President, inspects underway projects in New 6th of October City, accompanied by Adel Al-Nagar, Head of the City Authority, along with officials of the agency, Invest-Gate reports.

Ajna Developments CCO Sherif Saleh has indicated that exclusive offers of 10% down payment and 10-year installment schemes are presented the company's first home project in Ain Sokhna, Carnelia, during Cityscape Egypt from November 4 to 7. 

Egypt-based property developer Porto Group has announced its next big move to restructure business and rebrand to Porto Developments.

Marsa Matrouh Governorate will see the new Ras El Hekma city be developed as a fully-fledged urban area to provide some prosperous investment grabs, with designs akin to the North Coast's New Alamein.

Egypt-based Master Group has announced setting up a new real estate development and investment company in the United Kingdom, in a bid to reach out to more property investors and create additional investment opportunities overseas.

Egypt's Supreme Council for Planning and Urban Development has signed off on the redesigning of nine areas, assigned to the New Urban Communities Authority (NUCA), on the North Coast.

Future Cities of Egypt Forum will kick off on December 8, under the theme "Business and Investment Opportunities," bringing together 400 Egyptian and Arab investors, led by a delegation from KSA and other GCC countries, to shed light on the new fourth-generation cities.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the volume of investments pumped into Shorouk City mark about EGP 3 bn, stressing that 4,416 social housing units have been finalized, with 2,905 delivered to beneficiaries.