• Tuesday, 7 March 2023

    NUCA to offer cut-price land to investors paying up front in FX

    The New Urban Communities Authority (NUCA) is trying to sweeten the deal for foreign investors considering purchasing land in Egypt with a discount for immediate payment in hard currency, according to Al Mal. The authority will reportedly hand investors a...
  • Monday, 19 December 2022

    THIS MORNING: Argentina win the World Cup + Gold exporters face new curbs as central bank moves on USD black market

    There’s only one place to start this morning, folks: Last night’s World Cup final was one of the most entertaining we’ve ever seen. Six goals, multiple twists and reversals of fortunes, and a dramatic penalty shoot-out to decide the winner....
  • Wednesday, 3 August 2022

    NUCA plans huge EGP 20 bn securitized bond issuance

    NUCA wants to break its securitization record: The New Urban Communities Authority (NUCA) is seeking regulatory approval for a record-breaking EGP 20 bn securitized bond issuance, the Financial Regulatory Authority (FRA) said in a statement (pdf) yesterday.WATCH THIS SPACE- The...
  • Wednesday, 1 September 2021

    SODIC prepares to restart sales, collections on 500-acre West Cairo plot

    SODIC is looking forward to the “imminent” resumption of sales and collections on a 500-acre plot in West Cairo’s New Zayed, a senior company official tells us. The upmarket real estate developer paused both collection and new sales earlier this...
  • Wednesday, 28 July 2021

    Mwasalat Misr lands long-term contracts for new cities

    Mass transport operator Mwasalat Misr will take charge of bus fleets in new cities under a 15-year contract with the New Urban Communities Authority, deputy general manager Mohsen Sabra said, according to Al Mal. The company, a provider of higher-end...
  • Wednesday, 9 June 2021

    CIRA to set up new language school in New Rashid

    Private education outfit CIRA is planning to set up a language school in New Rashid, and is close to wrapping up its purchase of a 20k sqm piece of land from the New Urban Communities Authority, sources familiar with the...
  • Monday, 15 February 2021

    Sarwa, state-backed Al Taamir to team up on securitization

    Sarwa Capital will partner with state-affiliated securitization outfit Al Taamir to manage and promote securitized bond sales for the private sector, Al Taamir Chairman Mazen Hassan said in an interview with Hapi Journal. The two will begin by collaborating on...
  • Tuesday, 9 February 2021

    Also on our radar on 9 February 2021

    China State Construction Engineering Corporation (CSCEC) is building five skyscrapers in New Alamein under a contract signed yesterday with the New Urban Communities Authority (NUCA), according to a cabinet statement. NUCA will arrange financing for the buildings, which include a...
  • Monday, 18 January 2021

    Also on our radar on 18 January 2021

    TMG purchases 21 mn sqm of land for massive new capital development: Talaat Moustafa subsidiary the Arab Company for Projects and Urban Development has purchased 21 mn sqm (5.2k feddans) of land from the New Urban Communities Authority (NUCA) for...

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