Sisi, Merkel Inaugurate Mega Power Project

• Sunday, 5th March 2017
• by Yasmin El-Beih

Egyptian President Abdel Fattah El Sisi and German Chancellor Angela Merkel inaugurated on March 2 the first phase of Siemens’ new mega power project expected to book power generation capacity by 45%, Invest-Gate rep ...

Madbouly Follows Up on Projects Worth EGP 37 bn in New Cities

• Thursday, 26th January 2017
• by Yasmin El-Beih

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly held a meeting with leaders of the ministry and the New Urban Communities Authority (NUCA) on January 25 to follow up on projects worth of EGP 37 ...

2,500 Acres of Lands Offered to Investors in New Cities

• Thursday, 1st December 2016
• by Joana Saba

The Ministry of Housing, Utilities, and Urban Communities will be offering 2,500 acres of land in new cities in January, according to Mostafa Madbouly, the Minister of Housing, Utilities, and Urban Communities, repor ...

New Administrative Capital Company to Float Shares in IPO -Chairman

• Sunday, 27th November 2016
• by Karim Mohy

Up to one third of the shares of the Administrative Capital for Urban Development, the company responsible for building the new administrative capital in East Cairo, will be floated in an upcoming IPO at a date yet t ...

New Negotiations Commence over Administrative Capital Land Pricing

• Monday, 21st November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities has begun negotiating with real estate companies over land pricing in the New Administrative Capital, in efforts to sell the first phase of the city after re- ...

Hill International Seeks to Manage New Administrative Capital

• Thursday, 17th November 2016
• by Karim Mohy

US-based Hill International, a real estate management firm, is in negotiations with the Egyptian Armed Forces Engineering Authority over managing the development of the New Administrative Capital, according to Waleed ...

CFLD to Discuss Capital City Land Pricing with Housing Ministry

• Wednesday, 16th November 2016
• by Karim Mohy

Representatives from China Fortune Land Development (CFLD) will be meeting with the Egyptian Ministry of Housing, Utilities, and Urban Communities in the upcoming days to discuss the pricing for the first phase of la ...

New Administrative Capital Seeks Presidential Approval on Land Pricing

• Thursday, 3rd November 2016
• by Karim Mohy

Land prices in the first phase of the Administrative Capital have been determined by the Administrative Capital Development Company and will be announced to the presidency for approval, to be offered next month.

State to Offer Land at 35% Discount

• Wednesday, 2nd November 2016
• by Karim Mohy

The Supreme Council for Investment has agreed to provide a 35% discount on land prices for a period of two months until the end of the year.

Several Contractors and Developers Involved in New Administrative Capital City

• Sunday, 23rd October 2016
• by Karim Mohy

The New Urban Communities Authority announced that approximately 20 requests have been offered by various contractors and developers to work on the capital.