Latest in Tag: NAC Highlight
Latest in Tag: NAC
AlTameer Arabian to debut EGP 1bn Rivan Tower project at NAC
The Saudi-Egyptian developer, AlTameer Arabian, will launch its third project, Rivan Tower, at the New Administrative Capital (NAC) in March, with EGP 1bn in investments, according to CCO Ahmed Osama.
Egypt finalises building digital capability programmes for public workers moving to NAC
Total of 18,419 government employees received trained on knowledge, culture, digital skills needed to keep pace with work environment at New Capital
Builderia Development signs 3 contracts for construction of flagship PARAGON project at NAC
The signing took place as part of Builderia’s progress in the first phase of the PARAGON project, as a manifestation of the commitment to honour
Capital Link debuts 2nd project at NAC
The project includes 174 units of various areas, starting from 24 sqm, and that offices and medical units will be delivered fully finished.
State officials follow up on Museum of Egypt’s Capitals construction progress in NAC
The minister stressed the need to adhere to the schedule set in advance for the completion of work in preparation for the imminent opening of the museum.
Doja debuts 3rd project at NAC
Doja is currently developing two commercial projects in the NAC, namely Aurora and the X-Business Complex.
Infrastructure projects to connect Cairo, NAC for inclusive economic growth: Al-Mashat
Egypt’s development financing for sustainable transport in 2020 amounted to $1.3bn, says International Cooperation Minister
ACUD receives French delegation to discuss NAC investment opportunities
The meeting took place with the aim of acquainting the French delegation with the New Administrative Capital (NAC), and discussing investment opportunities in the national project.
Egypt should turn NAC into international city through tourism projects: Mamoun
Mamoun noted that this would work well with the state’s search for global real estate marketing and consultancy companies to develop a marketing and management plan for the NAC city, at both the local and global levels.
Huawei suggests plan to technologically urbanise underdeveloped cities in Egypt
NAC is company’s strategic client in Egyptian market, says regional corporate head Michael Lee
Royal One, CEMEX Egypt, KEM Consultant partner in developing NAC’s Capital Prime
The collaboration will accelerate the project’s construction rates and ensure its development to a high standard, according to Sherif Shaalan, Chairperson of Royal One Developments.
Pyramids Developments to put up NAC’s Grand Square Mall for lease in January 2021
The company said it introduces a new investment vision through which it seeks to replace traditional rental contracts with operating lease agreements, in which the lessee can rent the property to other parties.
AlTameer Arabian unveils NAC’s Rivan Square with EGP 1bn investments
Project marketed in two phases, with first one introducing 60% of total project units during Cityscape exhibition, says CCO Ahmed Osama
Master Group to launch 3,800 sqm tower at NAC in 2021
Company establishes new real estate company in UK through Egyptian-UK partnership, says CEO Mohamed Lashin
ACUD offers new facilities to attract developers to NAC
AWWC retracts interest to develop Diamond City project inside NAC, in partnership with ACUD
Capital Link introduces Verona project at NAC
The company’s Chairperson Ashraf Badea said that Verona is located on an area of 2,085 sqm. It is a nine-storey mixed-use building, comprised of medical, commercial and administrative units, with areas starting from 26 sqm per unit, and prices ranging between EGP 18,000-EGP 22,000 per square metre.
CBE Governor inspects building of new printing press and Cash Center at NAC
Amer also inspected the process of installing new production lines for the printing press and its operational experiments. An official CBE source said in statements that the construction work on the new printing press is nearing completion, in preparation for it to start work.
EG Master completes 20% of construction at The City Valley in NAC
Salib said that the company is developing The City Valley compound, which is worth EGP 4bn in investments, on 63 feddans in the NAC’s R7 district, with the project comprised of 57 villas and 51 buildings.
Aqar Masr to introduce Gusco project at NAC in November
Company intends for all units to be sold within 18 months, with expected sales of between EGP 500m-EGP 600m within year
CSCEC continues construction on high-quality business buildings at NAC despite pandemic
CBD to include CBE headquarters, Egypt’s largest paper currency printing press, and dedicated area for banks
La Verde launches 2nd NAC project with EGP 2.5bn investments
The exhibition, which is scheduled for 1 to 4 October, will be inaugurated by Minister of Housing Assem El Gazzar.
Prime Minister inspects ongoing projects at NAC
High level visit to NAC saw Prime Minister Mostafa Madbouly receive briefings on government district and other projects
Master Group launches EGP 6bn City Oval project at NAC
Speaking at a press conference on Tuesday, the company’s CEO, Mohamed Lashin, said the project is the company’s second at the NAC. It will be constructed on a 12-metre high plateau of 37 feddan, in the R7 area.
Trilateral Egyptian agreement launched to develop Botanica project at NAC
Integrated housing project will be built on 23 feddans of land using EGP 1.3bn in investments
Master Group to launch NAC’s City Oval project by mid-September
Company’s total investments in its projects stand at EGP 10bn, with further EGP 1bn set to be funnelled in 2020, CEO Lashin
Dolmen receives 6 offers to develop The Pier Mall at NAC
The offers come as part of a limited tender to choose a contractor for the project’s construction. The tender’s envelopes are scheduled to be opened early next week, Khalil said.
ACUD cuts land down-payments to 10% to boost NAC businesses
Company has received 25 requests to obtain land in NAC, which are currently being considered, says ACUD official
Hometown Developments debuts second commercial mall at NAC
During a tour for journalists of the project site on Sunday, Farag added that the Lafayette Mall is the first commercial project to be launched inside the downtown area. It includes six floors with built-up areas ranging between 35-40% of the total project space.
MCIT reviews digital capability development plan for employees in NAC
Digital capability development comes as part of institutional development enhancing long-term government performance
MBG Development sells 75% of NAC’s Pukka project
Sales witnessed significant improvement in 1Q 2020, but fell due to COVID-19 pandemic