Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



3 companies acquire approval for Mostakbal City lands
Mostakbal City obtains permit to increase building heights to 21 metres
Published in Daily News Egypt on 06 - 12 - 2015

Three companies have received approval to acquire lands for the first phase of the Mostakbal City project, said Chairman of El-Mostakbal for Urban Development, Essam Nassif.
He noted that the companies will acquire ministerial approval to begin implementation.
Al-Ahly for Real Estate Development won 80, 108, and 99 acres of separate lands; El-Asher for Development & Real Estate Investment won 70 acres of land; and Wadi Degla took 545 acres of land.
Mostakbal City also obtained permits to increase building heights to 21 metres, according to Nassif. He noted that the permits will increase investments in the city and stimulate real estate companies to compete for more lands.
Nassif said the company is currently setting the basic facilities for the project, where roads of the first phase are being paved by the General Nile Company for Roads & Bridges. He added that the company is signing protocols with the New Urban Communities Authority to provide the city with basic facilities, and Telecom Egypt for land lines.
He noted that the company had also signed a protocol with Ministry of Electricity companies last May to connect the city to the electricity grid.
Mostakbal City is expected to put up new lands for the second phase by 2016. These lands are allocated for commercial use, as well as other development fields, such as healthcare, commercial, recreational, and administrative units.
The city is being developed on an area of 11,000 acres, and is located at the eastern extension of New Cairo, close to Madinaty and the new Administrative Capital.
The construction of a new road was approved to link Mostakbal City to the Cairo-Suez road. It will pass Madinaty as well as land owned by Madinet Nasr for Housing and Development, to end at the Ain Sokhna road.
The government also approved the construction of a new road south of Mostakbal City to link it with New Cairo and the new Administrative Capital.


Clic here to read the story from its source.