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Tuesday, 10 May 2016

The New Administrative Capital Company holds inaugural meeting

Arab Legal Consultants handles incorporation work for New Administrative Capital: The New Administrative Capital Company for Real Estate Development held its inaugural board meeting, Ahmed Weshahi, partner at Arab Legal Consultants and legal counsel to the New Administrative Capital project announced. The company is the entity responsible for constructing the new administrative capital and has paid-in capital of EGP 6 bn coming from the Armed Forces and the the New Urban Communities Authority, Al Shorouk writes. Ayman Ismail was elected chairman of the company’s board and Mohamed Abdel Latif as managing director during the course of the meeting.

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