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Monday, 15 April 2019

Egypt’s NUCA board to use last year’s prices for land allocations

The New Urban Communities Authority’s (NUCA) board of directors will continue this year charging new city industrial investors the same land prices it did last year, according to a cabinet statement. Prices for industrial land and land designated for use as storage facilities will largely remain unchanged, but the former will be subject to a 1% “social housing” levy.

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