The reason is the large size of utilities needed.
The Higher Council for Planning in August approved allocating 15,000 feddans for setting up a new city in Bani Mazar in the Upper Egyptian Minya Governorate.
Online reservation of 1,268 prime lands and 814 super prime lands located in nine and eight new cities respectively will start on Tuesday, September 17.
The Cabinet has met to follow-up on all the developments and updates regarding the establishment of 12 new cities in Egypt.
A wrap-up of the most prominent business news of the day
Sawiras said his company wants to invest in the real estate sector in the new cities.
Sisi stressed on Tuesday the importance of finalizing projects in new cities on time during a meeting with a number of concerned ministers.