Tunisian parliament, cbank chief tell govt to cut spending plans    Egypt extends deadline for reconciliation requests in building violations to 30 November    Hundreds of Muslims hold anti-France protest in Bangladesh    Russia approves bill allowing national law to trump international treaties    US accuses Syria of delaying constitution ahead of election    Europe enacts new curbs as COVID surges in absence of vaccine    Live score: Juventus v Barcelona (UEFA Champions League)    Fathi Hassan's exhibition at ZAGpick gallery is a must go    Don't miss the webinar with Secretary-General on the UN's 75th anniversary Fabrizio Hochschild    Real snatch draw at Gladbach with late Casemiro goal    The Senate and the return of party politics    Egypt reports 170 new coronavirus cases, 11 deaths on Tuesday    Al-Sandouk Al-Aswad (The Black Box)    Parliament's ‘driving force'    Salah on target as Liverpool labour to 2-0 win over Midtjylland    Sculptor Tarek Zabady, tamer of difficult materials    GERD: In quest of meaningful negotiations    Egyptian child Maysarah wins Austria 2020 'Person of the Year' award    Egyptian insurance companies' premiums 9.6% up in five months    Egypt's President Sisi names new head of anti-corruption watchdog    Egypt's c.bank offers 18 bln pounds T-bills on Sunday    EgyptAir offering discounts for some international flights    Egypt records 212 new coronavirus cases, 14 deaths on Saturday    Egypt to require PCR coronavirus tests for airport travelers    Egypt sends 125 tonnes of glass by sea to Beirut    Legend Messi officially wants to leave Barcelona, hands transfer request    Global smartphone sales drop 20% in Q2, yet Apple's iPhone sales steady    Sisi: Egypt keen on establishing development projects with Iraq, Jordan    Egyptian megastar Amr Diab releases new hit music video    Making of Harry Potter will be available for fans at new park in Tokyo    Egypt's Senate elections official results to be announced Wednesday    Netflix Egypt is bringing megastar Amr Diab back with a new original    Egypt reopens Rafah border crossing for first time since April    Egypt's senate elections 2020 trending on social media in few days    African Champions League final will be played on Oct. 16-17, CAF says    No room to delay Egyptian Premier League games – EFA's board member    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







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





Egypt's new capital to be first smart city: official
Published in Amwal Al Ghad on 14 - 07 - 2018

Implementation of housing units in Egypt's New Capital was successfully completed, but delivery will be within a year, until the completion of installing facilities and services, said Khalid Abbas- deputy minister of housing for follow-up of national projects- on Friday.
He added in a phone interview on DMC that the ministry will offer 2,048 housing units in the capital's first phase, with different spaces and payment methods. Abbas noted that for the first time the reservation of units will be electronic, allowing clients to choose their units, pointing out that the New Administrative Capital will be the first smart residential city in Egypt.
The new capital is planned to be a sustainable city, housing the ministries, parliament, Egyptian Media Production City, presidential palaces, and embassies.
Twenty-five public and private construction companies have been mandated to carry out the infrastructure projects and build the residential neighborhoods of the new capital, while the army is only responsible for managing the project.
The company provided about 170,000 jobs in the construction operations and the coming phases of the project will require more workers, stressing that the state treasury does not bear the burden of financing any phase of the project. Housing prices in Cairo will decline significantly in the coming years because of the rise of supply in the market after completing the construction of the planned 350,000 housing units in the capital.
The New Administrative Capital Company is 51 percent owned by the armed forces and 49% by the New Urban Communities Authority (NUCA). The paid-up capital of the company amounts to EGP 20bn, including contributions from the armed forces and NUCA, and the authorized capital is EGP 204bn.
President Abdel Fatah al-Sisi has laid the first stone of the New Administrative Capital in East Cairo on Wednesday. With an area of 170,000 feddans, the new capital will include 20 residential areas expected to accommodate 6.5 million people and a road network 650km in length.
The capital will include an international airport and an electric train to link it with the 10th of Ramadan and El-Salam cities.
It will feature 1,250 mosques and churches, a 5,000-seat conference center, nearly 2,000 schools and colleges, over 600 medical facilities, and a park that is projected to be the world's largest.
The New Administrative Capital is located in the area between the Cairo-Suez and Cairo-Ain Sokhna roads, east of the regional ring road. This is roughly 60km from the cities of Suez and Ain Sokhna.
Source: Egypt Today


Clic here to read the story from its source.