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Monday, 7 October 2019

NUCA purchases 300 feddans in El Warraq for EGP 2 bn

The New Urban Communities Authority (NUCA) has purchased 300 feddans in El Warraq island in exchange for paying EGP 2 bn in compensation to the owners, a Housing Ministry official told Al Shorouk. The authority is still in negotiations with the owners to take over the rest of the land — estimated at an additional 200 feddans — amid plans by the state to develop the island.

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