"Narrative Summit" Releases 2025 Recommendations to Cement Egypt's Position as a Global Tourism Destination    Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    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    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.



Egypt's Housing Minister, TMG chief lay foundation for Noor City in Capital Gardens
Noor is Egypt's first green smart city on 5,000 feddan, comprising of 140,000 units, with EGP 0.5trn investments
Published in Daily News Egypt on 06 - 06 - 2021

Egypt's Minister of Housing, Utilities, and Urban Communities Assem El Gazzar and Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group (TMG) Holding, have laid the foundation stone for Noor City project in Capital Gardens City.
The project is located close to the New Administrative Capital (NAC), and is being developed in partnership between TMG subsidiary, the Arab Company for Urban Investment, and the New Urban Communities Authority (NUCA).
The project is being implemented on an area of 5,000 feddan, with a total investment of EGP 0.5trn.
Noor City is scheduled to include 140,000 housing units, namely buildings and villas, accommodating about 600,000 people. This is alongside commercial, administrative, government, and other service areas, which will generate taxes for the state worth EGP 110bn, and provide about 3.3m regular and irregular jobs.
El Gazzar affirmed that his ministry has adopted the partnership method with the private sector. This falls in line with the state's policy of involving the private sector in the Egyptian state's comprehensive development process, which has been implemented since President Abdel Fattah Al-Sisi took office.
The minister noted that the idea of partnership with NUCA depends on allocating land to a major real estate development company, known for its efficiency, and has a great experience in real estate field.
The authority provides facilities in paying land value, allowing for payments in different phases, and in various ways. This includes cash and in-kind payment, with these facilities corresponding to the authority having a share of the project's units that NUCA determines.
For his part, Moustafa said, "Noor City has been chosen with great care, to be in front of the NAC, and on the most important axes of urban development in Egypt, east of Cairo, which is expected to witness the increasing population of this region from 4.5 million people currently to 10 million people by 2030."
He added that the city was planned by the four largest, specialised international companies, namely SWA, SASAKI, BCG, and Perkins Eastman.
This is with the aim of placing Noor City at the forefront of fourth generation cities, in order to achieve sustainable development and standards.
He further pointed out that the new city will include a set of integrated services and modern applications for the first time in Egypt, such as 5G technologies.
"We will also adopt the application of the idea of smart cities, using the latest technological technologies, and an advanced fibre optics infrastructure, as well as providing the Internet," Moustafa said.
Alongside this, there will also be high-speed Wi-Fi in all public, commercial, and service areas. In addition to this, security services will be available through the latest security systems, CCTV cameras, and control rooms in all areas.


Clic here to read the story from its source.