The total amount of securitized bonds, which have been issued since the beginning of 2022 and after the approval of the NUCA's request, will reach LE 30 billion and it will be the biggest issuance of its kind in the Egyptian capital market.
The contribution of the EBRD comes within the framework of the Ministry of International Cooperation’s endeavor to provide the necessary funds for development projects and diversification of funding sources,
EBRD supports Egypt’s New Urban Communities Authority in its plans to diversify funding sources by tapping the debt capital market with an investment of LE 1.5 billion.
The application also allows and eases communication between the authority and citizens.
The protocol of cooperation has been signed by the ministers of antiquities and housing, and the chairman of the Board of Directors of the New Urban Communities Authority.
Madbouli said that the sector approved the designs and planning of 115 investment, urban and service projects that will be established on 73,000 feddans in 15 new cities including 23 projects in the New Administrative Capital.
The waterfront will be in line with the New Urban Agenda, Egypt’s 2030 Agenda and the international sustainable development goals.
The Egyptian Cabinet's Information and Decision Support Centre denied news released about the construction of a prison inside the New Administrative Capital.
NUCA announces that planned projects in new cities have been 100 percent implemented during the current fiscal year of 2017-2018
The launch will take place after all infrastructure and facilities works in two cities conclude.
Beit Al-Watan scheme is a part of the government’s plan to bridge a gaping budget deficit and to attract much-needed foreign currency.
Housing Ministry to launch more land plots in 23 new cities
The bids usually include feasibility, financial and economic studies and brief on how the investor would access funds.
The project’s first phase is worth a total of $8 billion and spans over 12,500 feddans.
Egypt needs 30 million extra residential units by 2052 to accommodate the population increase.
The headquarters of the Egyptian presidency will be relocated to the New Administrative Capital by June 2019, according to Ahmad Zaki Abdeen
Five days after issuing the terms of reference on August 15, more than 23,000 terms of reference were sold.
Real estate developer Palm Hills Development (PHD) and the New Urban Communities Authority (NUCA).