• Monday, 9 September 2019

    Sodic to invest EGP 34 bn in four New Zayed projects in next decade

    INVESTMENT WATCH- Sodic will invest EGP 34 bn in four new projects in New Zayed over the coming decade, it said in a statement yesterday (pdf). The first of these projects is ‘The Estates,’ planned to launch this month following...
  • Thursday, 29 August 2019

    NUCA approves SODIC’s master plan for The Estates project

    The New Urban Communities Authority (NUCA) has approved SODIC subsidiary Al Yosr for Projects and Agricultural Development’s master plan for The Estates, its planned new development in west Cairo, according to a statement (pdf). The 630k sqm development is expected...
  • Sunday, 25 August 2019

    Egypt’s NUCA offers 9 land plots in New Cairo to developers

    The New Urban Communities Authority (NUCA) is tendering nine land plots comprising around 1k feddans in New Cairo to developers, unnamed officials at the authority told the local press. Mixed use plots have been priced at EGP 9,870 per sqm...
  • Thursday, 15 August 2019

    NUCA to conduct market studies before offering co-development land plots

    The New Urban Communities Authority (NUCA) is conducting market studies before moving ahead with land tenders for the third phase of its PPP program, Housing Ministry officials tell the local press. The study will survey market players on plot sizes,...
  • Thursday, 1 August 2019

    Egypt’s NUCA allocates EGP 16 bn land to new city investor

    The New Urban Communities Authority (NUCA) has allocated EGP 16-bn worth of land plots under a new land tender mechanism that allocates land directly to investors, a source from the Housing Ministry told the press. A total of 170 companies...
  • Monday, 22 July 2019

    Three banks cover NUCA’s EGP 6 bn securitization bond tranche

    Three local banks fully covered the EGP 6 bn of securitization bonds offered by the New Urban Communities Authority (NUCA) last week, Al Mal reported. The National Bank of Egypt, CIB, and the Arab African International Bank covered EGP 2...
  • Wednesday, 19 June 2019

    Egypt to begin tendering land under new mechanism

    REGULATION WATCH- Cabinet outlines new land tender mechanism for mixed-use developments in new communities: The Madbouly Cabinet outlined in a statement on Monday the New Urban Communities Authority’s (NUCA) new regulatory framework to handle requests for the allocation of land...
  • Monday, 27 May 2019

    Arkan Palm awards design contract for Sheikh Zayed development to Gensler

    Egypt’s Arkan Palm has awarded the design contract for a 205-acre mixed-use development in Sheikh Zayed City to Gensler, an architecture firm based in the US, Thomson Reuters Projects News reports. The development will be a commercial and leisure complex,...
  • Monday, 27 May 2019

    NUCA to offer 85 feddans of land near New Cairo reclaimed from Al Marasem

    The New Urban Communities Authority will offer an 85-feddan land plot near New Cairo reclaimed from Al Marasem International for Development to real estate developers in 2H2019, a source from the New Cairo City Authority said. Al Marasem, a Bin...

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