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

ITIDA discusses with Saudi businesspeople investment opportunities in New Administrative Capital
Asmaa Hosni, CEO of the Information Technology Industry Development Agency (ITIDA), has received a delegation of leading Saudi investors to discuss investment opportunities in the City of Knowledge in the New Administrative Capital. The meeting reviewed the competitive advantages and investment opportunities in new Egyptian technological parks, especially the City of Knowledge, which will be …

Nasr discusses investment opportunities with Saudi investor Ghassan Al-Nemer
Nasr stressed that taking the necessary procedures to provide an attractive investment environment and improve the business environment is on top of her priorities

Hilton Group is negotiating to manage hotels in the New Administrative Capital
Group recently signed management contracts for seven hotels under construction

Dell EMC’s business size in Egypt $100m: Tantawi
Company plans to contribute technological solutions to the New Administrative Capital

SODIC targets sales of EGP 5.6bn in 2017
Company obtained credit facilities of EGP 2.2bn, 55% of which was utilised

Egypt is full of investment opportunities: Informa Chief Executive
The Ministry of Housing is preparing to offer lands for services at the New Administrative Capital by the end of the coming year, according to Assistant Minister of Housing Khaled Abbas. Abbas said that the government will provide more facilities and privileges for the investors in the coming period. He added that 13 investors have …

Commercial operation of Siemens power plants to begin next week
Siemens will add 1,200MW to the electricity grid from the Beni Suef power plant, and 800MW from New Administrative Capital and Borollos power plants

Fawaz Alhokair Group to raise investments in Egypt
The company to establish 3 mall centers in the New Administrative Capital, New Cairo, and Tanta

ACT aims to increase its business volume to EGP 1.2bn this year
The company increases its capital by EGP 50m to cover its future expansions

Commercial operation of New Administrative Capital power plant at end of month
Siemens will add 1,200 MW to the electricity grid in December

Communications ministry to establish software centre in New Administrative Capital
We cooperate with Ministry of Health to mechanise the first phase of the health insurance system, says Al-Qadi

Withdrawals grant government a chance to rethink new capital project: UC chairperson
The Ministry of Housing, Utilities, and Urban Communities said in a statement issued on Wednesday that the China State Construction Engineering Corporation (CSCEC) has withdrawn from the new administrative capital project, which had been announced during the Sharm El-Sheikh conference in March 2015. According to the statement, the company decided to withdraw over financial disputes. …

Transportation Ministry presents details of electric train to cabinet
Initial cost amount to $1.2bn: El-Saeed

Polaris studies launching real estate projects in New Administrative Capital, 6th of October City
Real estate director at Polaris Parks Bassel Shoirah said that Polaris International Industrial Parks, an industrial developer, is negotiating with the Ministry of Housing to obtain lands in the New Administrative Capital, 6th of October City, and Fifth Settlement. Shoirah told Daily News Egypt that his company is looking for developing middle-income housing in the …

Housing Ministry to offer new lands for real estate developers in January
The ministry aims to increase NUCA’s budget to EGP 50bn in the next fiscal year, says minister

Consensual presidential candidate to be announced before coming election: Abdel Khalek Farouk
Security, fear of popular revolution reasons behind New Administrative Capital

Canadian Chamber negotiates with Housing Ministry to develop New Administrative Capital’s infrastructure
Five Canadian companies submitted requests to the Housing Ministry to engage in water desalination projects in real estate projects

National megaprojects: economic growth stimulus or political propaganda?
Major projects have reduced unemployment and increased economic growth, says Al-Sisi

Egypt, China sign agreement to research and execute 18 projects
Egyptian and Chinese ministers approved the top priority projects list that was put forth during the G20-Ministers of Trade meeting last Sunday

Government continues work on poverty reduction, housing shortage
Recent announcements by governmental officials compound the work already done to provide Egypt’s poor with suitable housing and utilities

Construction projects for New Administrative Capital in full swing
All construction projects in the new capital city will be completed in two years

Booz Allen Hamilton designing solutions for Egypt’s economic and security challenges
Booz Allen signs MOU on cyber security and announces a number of projects and strategies to help the Egyptian economy grow and recover from political turmoil that has recently gripped the nation

Contractor companies to form alliances, implement national projects
Alliances accelerate implementation of mega national projects, says Salah

First residential neighbourhood in New Administrative Capital will be implemented before April: Madbouly
A total of EGP 760bn is expected to be invested in the transport sector through 2030, says Al-Geioushy

Banks, individuals can fund Capital Cairo project: EFCBC head
Egyptian real estate development companies can fund the other four stages of Capital Cairo by facilitating and selling lands, says Abdel Aziz

Egyptian construction companies can build Cairo Capital in 1 year: EFCBC
Implementation of Administrative Capital requested to commence after New Suez Canal inauguration

Badr City development to occur before implementing new Cairo capital
Around 17,000 residential units have been constructed in Badr City in one year

New Capital agreement needs more time: Expert
Even three months is not enough to finalise new administrative capital agreement, says academic