Palm Hills Q3 Net Profit Up 59% y-o-y, Negotiating with NUCA for 6th of October City Land

• Monday, 7th November 2016
• by Karim Mohy

Palm Hills announced its financial results for the third quarter of 2016 in a statement, reporting net profit after tax and minority interest of EGP 235 mn, up 59% year-on-year, exceeding the first two quarters of th ...

Dispute Between Qatari Diar and Egyptian Government Ongoing

• Monday, 7th November 2016
• by Karim Mohy

Qatari Diar is not entitled to resort to international arbitration against Egypt, unnamed sources told Shorouk News, following previous reports that the Qatari company would resort to international arbitration in an ...

Qatari Diar Pursuing International Arbitration over New Cairo Project -Source

• Monday, 31st October 2016
• by Karim Mohy

Qatari Diar is taking steps to proceed with international arbitration against Egypt over its vacant land plot in New Cairo meant to house its long-stalled residential project, with the Investment Ministry reportedly ...

NUCA Demands Verification of Land Ownership in New Sohag City

• Monday, 31st October 2016
• by Karim Mohy

Citizens who own lands located at the “Basin 26” area of New Sohag City have been requested to submit their ownership documents to city’s authority to review their legal right to ownership within two weeks, according ...

NUCA Appoints 4 Contractors for Projects in New Cairo

• Wednesday, 26th October 2016
• by Karim Mohy

New Urban Communities Authority (NUCA) has assigned four contractors to implement projects for the Bait Al Watan project at a cost of EGP 160 mn and which will include electricity, sewage, and other facilities in New ...

NUCA Partnership Projects with Palm Hills, Arabia Group Set to Kick Off

• Wednesday, 26th October 2016
• by Karim Mohy

The New Urban Communities Authority (NUCA) will partner with Palm Hills Developments and Arabia Group to develop two real estate projects next month.

Infrastructure Projects on Track in New Cities

• Sunday, 23rd October 2016
• by Karim Mohy

Five residential buildings have been completed as part of the social housing program in New Fayoum City, according to Mostafa Madbouly Minister of Housing, Utilities, and Urban Communities.

NUCA to Receive Its Last Share of Payment-in-kind Units in Madinaty

• Sunday, 23rd October 2016
• by Karim Mohy

The New Urban Communities Authority (NUCA) will receive its last share of payment-in-kind buildings in Madinaty spread over 1.1 mn square meters.

2,278 Land Plots to be Distributed in Sadat City

• Tuesday, 18th October 2016
• by Karim Mohy

The New Urban Communities Authority (NUCA) has offered a public lottery to distribute 2278 land plots as part of the social housing program in Sadat City, with units ranging from 209 to 276 square meters and prices s ...

NUCA to Open Applications on Land Plots in 6th of October City

• Monday, 17th October 2016
• by Karim Mohy

The New Urban Communities Authority (NUCA) has opened applications of reserving reclaimed land plots in what is referred to as “The Green Belt” in 6th of October City, according to Tarek El Sebaey, Supervisor of the ...