Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Egypt's SCZONE eyes deeper investment, port digitalisation ties with Singapore    Egypt's gold prices slip slightly on July 28th    Egypt's Housing Min. reviews HDP marketing plan    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    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    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.



NUCA develops 375 projects with EGP 5tn in four years
Ministry issued 115 ministerial approvals on new real estate projects, distributed over 15 cities during past year, including 23 projects in New Administrative Capital, says Abbas
Shaimaa Al Aees Published in Daily News Egypt on 14 - 01 - 2019

The New Urban Communities Authority (NUCA) has managed to develop 375 real estate projects in different cities with investments estimated at EGP 5tn, according to Waleed Abbas, the assistant housing minister of the NUCA.
During the preparatory conference of the Cityscape exhibition which took place on Monday, Abbas added that the ministry has issued 115 ministerial approvals on new real estate projects, distributed over 15 cities during the past year, including 23 projects in the New Administrative Capital.
He noted that the ministry also provided land with about 20,000 feddan for real estate investors, pointing out that the development of fourth generation cities has already begun with a total of 14 new cities. The ministry also aims to support investment and development opportunities in Upper Egypt's governorates, in order to support the balance and justice in the country's urban development movement.
Furthermore, Abbas elaborated, "The NUCA's budget amounted to EGP 72bn. The ministry is currently working on preparing a number of new land offerings, including cities in Upper Egypt. It is planned to offer these lands in 50 new cities, including 20 cities for the fourth generation," further adding, "The volume of investments in new cities amounted to EGP 12bn in 2015, including EGP 3.5bn for cities in Upper Egypt. While in 2016, about EGP 22bn were recorded, including EGP 2.4bn for Upper Egypt. Furthermore, during 2017, the NUCA's investments amounted to EGP 37bn, encompassing EGP 5.2bn for Upper Egypt, while in 2018, investments amounted to EGP 32bn to include EGP 7.8bn for Upper Egypt's cities."
Over and above, he noted that the ministry is keen on developing projects through a partnership system, explaining that the ministry has contracted on 12 projects which are currently being developed through a partnership system.

Clic here to read the story from its source.