Finance Ministry to offer eight T-bill, bond tenders worth EGP 190bn this week    US forces capture Maduro in "Midnight Hammer" raid; Trump pledges US governance of Venezuela    Gold slips at start of 2026 as thin liquidity triggers profit-taking: Gold Bullion    ETA begins receiving 2025 tax returns, announces expanded support measures    Port Said health facilities record 362,662 medical services throughout 2025    Madbouly inspects Luxor healthcare facilities as Universal Insurance expands in Upper Egypt    Nuclear shields and new recruits: France braces for a Europe without Washington    Cairo conducts intensive contacts to halt Yemen fighting as government forces seize key port    Gold prices in Egypt end 2025's final session lower    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    Egyptian pound edges lower against dollar in Wednesday's early trade    Oil to end 2025 with sharp losses    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt to cover private healthcare costs under universal insurance scheme, says PM at New Giza University Hospital opening    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's NUCA to attain 25bn pounds from Palm Hills partnership- housing minister
Amwal Al Ghad Published in Amwal Al Ghad on 20 - 06 - 2017

Egypt's New Urban Communities Authority (NUCA) will receive benefits from the partnership with Palm Hills Development Company worth up to 25 billion Egyptian pounds , the Egyptian minister of housing stated on Monday.
Mustafa Madbouly further said that he agreed to complete the procedures of the memorandum of understanding (MoU) previously signed between the two entities to establish the October Oasis project in Sixth of October City.
The minister explained that the project will be located on an area of 3,000 acres in Sixth of October City, and the authority will receive a payment of 350 million pounds in three instalments.
Palm Hills will undertake all the interior activities including financing, construction, development, and infrastructure, set to start execution during 2018.
The company expects the project to include residential areas ranging from six million to eight million square metres, with 88 percent of the land being allocated to resident buildings and 12 percent to commercial buildings.
Source: Mubasher

Clic here to read the story from its source.