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Sunday, 5 February 2017

Housing Ministry to issue terms and conditions for bidding on land in new capital next week

The Housing Ministry will be issuing the terms and conditions for bidding on land in the new administrative capital on 12 February, Housing Minister Mustafa Madbouly said, according to Al Borsa. The Administrative Capital for Urban Development Company will auction off land through a closed bidding system, with each piece ranging between 50 and 500 feddans, for a total of 15k feddans in the first phase of the capital, the newspaper reports.

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