Builderia to Invest EGP 500 mn in NAC’s Paragon

Egypt's Builderia Development plans to pump EGP 500 mn into its first intelligent administrative complex in the New Administrative Capital (NAC), or "Paragon," aiming for completion in 2022.

El Gazzar Reviews Plan to Develop Saint Catherine City

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has reviewed the proposed development plan for South Sinai's Saint Catherine city, in an attempt to revive the historical site.

NBE, IGI Agree on EGP 600 mn Facility for West Cairo’s Ashgar City

Egypt-based developer IGI Real Estate has agreed on a loan facility from the National Bank of Egypt (NBE) to finance the construction of its flagship project in 6th of October City, named "Ashgar City," with the f ...

NUCA Offers 2,351 Residential Plots in Over 14 New Cities

The New Urban Communities Authority (NUCA) began the offering of about 2,351 land plots in more than 14 new cities for online reservations on July 28.

EBRD to Back NUCA Bond Program with Another EGP 1.5 bn

The European Bank for Reconstruction and Development (EBRD) will back the New Urban Communities Authority’s (NUCA) latest EGP 10 bn securitized bond issuance with EGP 1.5 bn investment.

IsDB Provides USD 16.6 bn to Finance 395 Egyptian Projects

The Islamic Development Bank (IsDB) has pumped USD 12.8 bn (EGP 204.2 bn) worth of investments into 338 different projects across Egypt, while currently working on 57 others with around USD 3.8 bn (EGP 60.6 bn).

NAC’s Iconic Tower Reaches 188 Meters Long: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas has announced that the New Administrative Capital's (NAC) Iconic Tower - set to be the tallest in Africa - stands at ...

NUCA Grants Facilities for Landowners in New Cities

The New Urban Communities Authority (NUCA) will grant facilities for various mixed-use investment lands in new cities, with areas of at least 2 acres, in an attempt to spur urban growth and mitigate Coronavirus st ...

Cabinet Reallots 707,000-Acre Coastal Lands for New Urban Project

Egypt's Cabinet has passed on the reallocation of four 707,000-acre land plots on the North Coast for the establishment of a new integrated urban community.

NAC’s R3 Reaches 84% Implementation Rate: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar stated that the implementation rate of R3 in New Administrative Capital (NAC) reached 84%, Invest-Gate reports.

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