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

New Cairo, NAC Developers Association pushes for green building in New Capital
Al Bostany added that once the proposal is completed, it will be submitted to the Administrative Capital for Urban Development (ACUD) for discussion and approval.

EGICS Development mulls investing EGP 1bn in New Capital
Company debuts its first project at New Capital, Heaven Mall

DIG introduces two mixed-use projects at New Capital, with EGP 1.2bn investments
Company intends to launch its new projects before year-end, says Chairperson

Etqan reveals details of fair pricing for real estate units in New Capital
Final pricing is done with LCAPS parameters

BROUQ Developments debuts Centoo project at New Capital
Company has contracted with Etqan, REAM Asset to manage project, says CEO

CCC for Real Estate, VAI Developments join forces to establish ‘4T1’ project in New Capital
Mohamed Tarek, General Manager of CCC in North Africa, said that the CCC International is one of the largest contracting companies that succeeded in implementing a large number of projects in more than 34 countries. In 2011, the group decided to establish its subsidiary CCC for Real Estate Development.

EG Towers, Europe Hotel collaborate to manage EINS project at New Capital
Egyptian market is thirsty for investment in the hotel apartments sector, says

Egypt gearing up for New Capital opening
ACUD considers expanding escrow account system in New Capital’s new phases, says spokesperson

Sky AD to allocate EGP 400m for ‘Residence Eight’ construction at New Capital
The company eyes achieving sales of EGP 700m of the project in 2022, which includes part of the commercial units in the Capital Avenue phase within the project, which will be built on 21,000 sqm, he noted, adding that it is planned to be offered for sale in February 2022. The company intends to begin construction works in the middle of this year.

Al-Shennawy Group launches FINSQUARE project at New Capital
Company plans to deliver within 2.5 years

Al-Sisi follows up on arrangements for relocating government to New Capital
360-feddan Government District in NAC comprises 10 complexes that will house 34 ministries

Communications Minister inspects ‘Knowledge City’ at New Capital
The project aims to build an information society through which support is provided to research and innovation in advanced technologies as well as to attract investments by global technology companies and provide technical training to build promising generations capable of implementing projects and building a digital Egypt.

IHD Developments eyes selling 75% of Vivid Business Tower at New Capital by Q1 2022
Furthermore, he said that there is great confidence by developers and investors in promising investment opportunities in the Egyptian market, especially in the NAC, in light of the state’s plans to bring about an urban boom at the level of the republic.

Etqan appointed as consultant for Nile Business City project in New Capital
Mohamed Taher, Chairperson of Nile Developments, said that this cooperation is not the first of its kind between the two companies, adding: “Etqan helped us a lot in preparing marketing and financial studies besides assigning planning experts.”

Ontario Developments launches Maple Business Complex in New Capital with EGP 500m investments
Vice Chairperson of Ontario Developments, Mahmoud Hamed, said that Maple Business Complex is a medical administrative commercial mall located in the NAC’s Downtown area on2,680 sqm. The project comprises 14 floors, in addition to 3 basements and garages. The ground, first, and second floors have been allocated for commercial units, and the rest of the mall has administrative and medical units, amounting to 300 units.

Kuwait’s Inverse Group launches Bareq Tower at New Capital with EGP 3bn investments
Company has a key investment plan amounting to EGP 10bn inside Egypt, says CCO

Vodafone negotiates with NTRA over trial operation of 5G services in New Capital: CEO
Company builds 590 portable communication towers recently, working to build 250 more, says Mohamed Abdullah

Al-Sisi follows up on measures to move government to New Capital
Egyptian President was briefed on developments of ‘Great Transfiguration over the Land of Peace’ project in Sinai

President Al-Sisi launches Egypt University of Informatics in New Capital
Project aims to create distinguished young professionals capable of keeping pace with global technological development, being driving force for technological innovation in Egypt

EETC to complete studying electric feeding system of New Capital monorail in September
Five companies show interest in implementing project, most notably Elsewedy, Schneider

Marota Developments begins construction on Mastro project at New Capital
Company eyes EGP 1bn in sales, with project to be delivered 6 months ahead of schedule, says COO Ashraf Diaa

Contact Developments launches Quan Iconic Tower at New Capital with EGP 1.5bn investments
The 25-storey project is located on the Central Business District, and will cover a total area of 10,531sqm.

LIV Real Estate Egypt inaugurates LIV365 exhibition for New Capital projects
The exhibition is taking place in its new administrative headquarter in the Fifth Settlement area of New Cairo, and includes various implemented projects in the NAC.

Egypt’s New Administrative Capital contributes to economic growth: Report
New Administrative Capital, other state projects contributed to reducing Egypt’s unemployment rate from 13.15% in 2013 to 10.13% in 2020

Safwa Holding launches S-One in New Capital with EGP 750m in investments
Company received land plot in NAC in May 2021, and conducted surveying works this month

Marota Developments launches Mastro project in New Capital
Entertainment commercial mall located on total area of 5,400 sqm

EG Towers completes sales for 1st phase of EINS project at New Capital
Project’s design based on German style, and is managed by a German company specialised in hotel management, said Ahmed Diab

Saudi Health Concept to manage medical sector in Radix Development’s Agile in New Capital
The agreement was the first of its kind in the administrative and commercial projects in the NAC. It was signed by Sheikh Abdullah Al-Sabaan, Vice Chairperson of the Saudi Muwaffaq Group, and owner of Radix Development, and Sheikh Nayef Al-Samaih, CEO of Health Concept.

Akam to inject EGP 1.2bn into New Capital project construction in 2021: Managing Director
55% of Scenario project’s construction completed, 1st phase to be delivered by 2021 end

Development of New Capital’s government district currently at 95%: ACUD
Speaking to Daily News Egypt, El-Husseini said that the implementation rate of the central telephone exchanges 1 and 2 has reached 87%. Meanwhile, the implementation rate at the NAC’s central cooling station, which will serve the project’s government, and financial and business districts, has reached 99%.