Latest in Tag: New Administrative Capital Highlight
Latest in Tag: New Administrative Capital

Al Motahedoon Group negotiates to develop medical project in the New Administrative Capital
Company targets EGP 300m in sales from Eterna Healthcare City project this year, says chairperson

Inauguration of Borollos, New Administrative Capital power plants postponed
Al-Sisi to witness operation of Beni Suef, Assiut plants this month

Sorouh invests EGP 9bn in Entrada project in New Administrative Capital
Company begins first phase of Entrada, targeting sales of EGP 600m, says board member

Equity invests EGP 5.5bn in The Capital Way project
Company has sold 65% of project within one month, says CEO

New Administrative Capital will become unique symbol among African smart cities: Alstom
The French company Alstom, one of the biggest railway, tram, and metro manufacturers in the world, said that the New Administrative Capital that is being implemented by the Egyptian government will become a unique creation among smart cities in Africa. “We are interested in the implementation of metro and tram lines in the New Administrative …

40% of new capital government district complete: ACUD
40,000-feddan 1st phase of new capital infrastructure costs reach EGP 130bn, says ACUD spokesperson

MBG intends to direct EGP 10bn investments to New Administrative Capital
Company aims to complete marketing of Pukka project’s first phase in 2018

New Administrative Capital: Dream come true
Since the Egyptian government announced, at the Egypt Economic Development Conference (EEDC) in Sharm El-Sheikh on 13 March 2015, its intention to launch a new capital city (New Administrative Capital), a public outcry has accused the government of launching a media crackdown and building imaginary success based on a far-fetched idea of expanding into the …

MBG launches Pukka project in New Administrative Capital worth EGP 4bn
Company plans to launch another residential project in capital: Capital View, says chairman

4 alliances compete for New Administrative Capital cooling stations
List includes Elsewedy, Allam, Orascom, Petrojet

Egypt real estate sector remains hotbed of economy, with great demand for New Administrative Capital
Current year will witness great foreign investment flows into Egypt’s real estate industry, say developers

Honeywell negotiates to provide smart solutions for New Administrative Capital
We plan to turn Egypt into a major hub for our Middle East operations in the coming years, says Hashim

EGP 10bn investments in New Administrative Capital
First phase of staff transfer to capital sees 35,000 employees moved

Egypt to establish 2 monorail projects linking Sixth October, Cairo, New Administrative Capital: housing minister
Two monorails are to be established in Egypt, one to link the New Administrative Capital with East Cairo and downtown at 52 kilometres in length, and the other to link Sixth of October City with Giza at 35 kilometres in length, acting Prime Minister and Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly revealed …

China to develop integrated area in New Administrative Capital by Q1 2018
Initial investments in textile industries in Suez Canal axis about $1bn, says Bing

Shorouk, Madinaty, El Mostakbal hike prices by 20% in conjunction with offering housing units in New Administrative Capital
More prices hikes expected for property in El Mostakbal city as natural extension of New Administrative Capital, says Sabbour

OUD seeks to launch residential, commercial projects in New Administrative Capital
Company seeks to obtain a 100-acre plot of land in El Mostakbal City to build an integrated residential project

Real estate exhibitions contributed 75% of OUD sales: chairperson
Company aims to acquire plots of land in New Administrative Capital, El Mostakbal City, Upper Egypt, Delta, says Khamis

Siemens adds 1,200 MW from New Administrative Capital power plant in January 2018
The German company Siemens intends to add 1,200 MW of electricity to the national grid in January 2018 through three production units in the New Administrative Capital power plant. Sources at the Ministry of Electricity said that the company is committed to the timetable for implementation, where the total energy added from the Beni Suef, …

New Administrative Capital units to be offered in H1 2018
Schedule of delivery exists, price of a metre is nearing EGP 10,000

Al-Sisi lays first stone for New Administrative Capital
The urban development projects aim to prevent random housing and provide adequate housing for citizens, says the president

Siemens considers investing in New Administrative Capital
We are looking for appropriate technology solutions with stakeholders: Ghaly

Egypt’s economic reforms necessary engines of growth: Chinese ambassador to Egypt
China is negotiating with Egypt to establish an integrated industrial area in the New Administrative Capital, says the ambassador

The New Administrative Capital—a real estate project and seat of government
The new administrative capital is one of the most prominent projects of the current regime. And it is one that sees continuous oversight by the presidency since it was announced at the economic summit in Sharm el-Sheikh in March 2015. The project witnessed several changes, which were supposed to be developed by the government in …

SAP discusses investment opportunities in mechanisation and New Administrative Capital projects with the government
There are promising opportunities for growth in the Egyptian market: Abboud

MCR applies to purchase 110 feddans in New Administrative Capital
Modern Company for Construction and Real Estate (MCR) is seeking an area of 110 feddans in the New Administrative Capital and applied for acquiring lands, according to Mohamed Abdel Mohsen, chairperson of MCR. Abdel Mohsen told Daily News Egypt that MCR plans to pump EGP 1bn in the construction of its projects during the coming …

Egypt to build a fast tram connecting New Administrative Capital with Greater Cairo
The project will accommodate 340,000 passengers daily

NUCA agrees with Canadian Bombardier to implement monorail line in New Administrative Capital
The New Urban Communities Authority (NUCA) signed a memorandum of understanding with Canadian Bombardier to conduct feasibility studies on a monorail line connecting Nasr City to the New Administrative Capital. Mazen Hassan, the vice chairperson of NUCA for the Commercial, Administrative, and Financial Affairs, said that the Canadian company will conduct feasibility studies, which include …

SECON to inject EGP 4bn in project in New Administrative Capital
SECON also signed 5 construction contracts to construct 21 residential buildings in Riyadh-SECON project in New Cairo

CONSTEC to establish projects worth EGP300-500m during FY 2017/18
New Administrative Capital creates thousands of jobs, says CONSTEC executive director