Head of New October City Development Agency Mohamed Abdel Maqsoud gave an overview of the progress rate.
Visitors of new Galala City will enjoy a wide range of leisure and recreation activities including: yachts, cable cars, dancing fountain, gym, central park and theatres, based on TV remarks by three projects supervisors on the city’s coastal resort.
Between January 28, 2011 and July 3, 2013, Egypt lived in political instability because of overthrowing two regimes.
The city consists of 20 neighborhoods.
The prime minister said that the ceremony will send a message on the beginning of the "New Republic."
Minister of Housing Assem el-Gazzar announced that there is an electronic application proposed to manage licensing issuance in new cities, aiming to save time and effort in serving the citizens and investors.
The Egyptian government is establishing 22 out of 50 four-generation cities planned to be accomplished by 2050.
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.