Back to the complete issue
Sunday, 13 September 2020

NUCA extends payment deadline on land in fourth generation, Upper Egypt cities by six months

The New Urban Communities Authority (NUCA) has granted a six-month grace period for companies to pay for land plots in fourth generation and Upper Egypt cities, according to a Housing Ministry statement. The six-month period begins once the authority’s board approves the allocation of land or the company pays the down payment on the plot, whichever comes last. The companies will not be fined or charged additional fees for the land during the grace period.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.