NAC
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Government
Deliveries at NAC’s Capital Residence to Start January 3: Minister
Saturday, 2 January 2021
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has unveiled plans to deliver several housing units in Capital Residence, located in the New Administrative Capital's (NAC) R3 District, from January 3 to July 5.
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Developers
MIP Posts EGP 2 bn Contractual Sales in 2020: CEO
Wednesday, 23 December 2020
Egypt-based real estate developer Misr Italia Properties (MIP) has managed to record contractual sales of EGP 2 bn in 2020, paired with the delivery of mixed-use units at five different property projects nationwide, despite the Coronavirus-induced slump.
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Developers
Builderia Signs Deals to Implement NAC’s Paragon
Wednesday, 23 December 2020
Builderia Development has signed contracts with Schneider Electric, Space Consultants, and Asass Construction for the implementation of its intelligent administrative complex in the New Administrative Capital (NAC), named “Paragon."
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Construction Developers
El Attal Holding’s Unit Secures EGP 1.2 bn Tenders in 2020: Chairman
Tuesday, 22 December 2020
El Attal Holding Chairman Ahmed Elattal has uncovered that his company’s building arm, Attcon Constructions, has been awarded contracts worth EGP 1.2 bn in 2020.
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Developers
Al Arabia Constructs 50% of All its Property Projects Nationwide
Monday, 14 December 2020
Al Arabia Company for Real Estate Development has announced the completion of 50% of work on all of its real estate projects in New Cairo, coinciding with the celebration of its 17th anniversary as the Egypt-based developer offers potential clients with payment schemes of up to 72 years.
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Government
Over 9,000 Homes for NAC Employees Almost 92% Done
Monday, 14 December 2020
Merely 9,024 apartments (376 residential buildings) are almost 91.5% complete in Badr City, which are designated for the first batch of government employees to move to the New Administrative Capital (NAC) upon operation of the new city's ministerial district.
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Infrastructure
HAC, Siemens Land NAC Energy Control Center Tender
Sunday, 13 December 2020
The Egyptian Electricity Transmission Company (EETC) has awarded the consortium of global technology giant Siemens and Hassan Allam Construction (HAC) an EGP 838 mn tender to construct an electricity control center in the New Administrative Capital (NAC).
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Developers
Capital Link Plans for Another EGP 200 mn Project in NAC
Thursday, 10 December 2020
Capital Link Developments has confirmed plans to introduce its second real estate project in the New Administrative Capital (NAC), named "Dorado," with investments estimated at EGP 200 mn.
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Developers
Reedy Intends to Deliver Phase I of New Cairo Project Before 2021
Tuesday, 8 December 2020
Egypt-based real estate developer Reedy Group has revealed plans to start handing over phase I of its contemporary gated community in New Cairo, or "Azzar," thereby delivering almost 70% of the project's total residential units.
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Developers
Master Group to Further Expand Into NAC, Upper Egypt
Wednesday, 2 December 2020
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.
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Last Modified January 27, 2021