Master Group Invests EGP 12 bn in Projects at NAC

Egypt-based property developer Master Group has announced that the company plans to pump EGP 12 bn worth of investments into its two flagship projects, The City and The City Valley, in the New Administrative Capit ...

ACUD Completes 90% of Water Infrastructure in NAC Phase I

The Administrative Capital for Urban Development (ACUD) has managed to develop 90% of water infrastructure in the first phase of the New Administrative Capital (NAC).

Al Ahly Sabbour Targets EGP 6 bn Sales in 2019: CEO

Egypt's developer Al Ahly Sabbour Developments targets EGP 6 bn in sales of its projects in the current year, compared to EGP 5.5bn in 2018.

ERA Developments Invests EGP 700 mn in Astoria Park Compound

Egypt's property developer ERA Developments has allocated a total of EGP 700 mn worth of investments to its 6th of October City project, Astoria Park.

Gov’t Plans to Establish 400,000 Units in NAC by Mid-2020

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced plans to finalize the construction and operational works of more than 40,000 residential units in the New Administrative Capital ...

Concrete Works at Africa’s Tallest Building Begin: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said works started on installing the reinforced concrete for the foundations of Iconic Tower, Africa’s tallest building in the New Administrati ...

El Attal’s Park Lane Compoundhood Achieves EGP 122 mn Sales

Vice Chairman of El Attal Holding Mohamed El Attal unveiled on March 3 that the developer achieved EGP 122 mn in sales of its residential project, Park Lane Compoundhood, in the New Administrative Capital (NAC) af ...

Aqar Masr Uncovers Nubian-Inspired Compound in NAC

Egypt-based Aqar Masr for Real Estate Development celebrated on February 24 the official launch of its first residential project in the New Administrative Capital (NAC), ANAKAJI.

Honeywell, ACUD Ink Deal to Provide NAC with Security Systems

The New Administrative Capital Company for Urban Development (ACUD) and American company Honeywell signed an agreement on February 21, under which the latter will develop security systems at the New Administrative ...

MasterCard Eyes Making NAC 1st Egyptian Cashless City

MasterCard is looking to collaborate with the Ministry of Communications and Information Technology to develop advanced digital payments infrastructure across various governorates in Egypt, aiming to make the New ...

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