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

Egypt government begins registering administrative staff in preparation for New Capital transfer
The Egyptian Government has started registering the data of administrative staff in preparation for their transfer to the New Administrative Capital (NAC). Nader Saad, spokesperson for the Presidency of Egypt’s Council of Ministers, announced that the website, established by the Central Agency for Organization and Administration (CAOA) to record the data, has commenced the registration. …

El Baron Developments launches Vigor project in New Capital with EGP 650m investments
Zarif said that the Vigor project is a commercial and medical administrative building situated on 4,700 sqm. It comprises 11 floors; each is 1,138 sqm. The project will offer units with various sizes.

El Batal begins construction on Rock Capital 1 compound in New Capital
The work includes the excavation and plain cement concrete phase, and is currently building the foundations.

Brouq Developments debuts Spark Capital Insight at New Capital with EGP1.5b in investments
Mohsen added that the project was built on an area of 8,000 sqm in the MU23 area of the NAC. It is located at the intersection of the Al Amal Axis and the Bin Zayed Axis, and overlooks the Green River.

ACUD, MasterCard discuss turning New Capital into cashless city
Project scheduled for inauguration in October

MG Developments launches its latest projects in New Capital
Company’s new projects will receive initial investments estimated at EGP 1.55bn

Skyway Development launches EGP 700bn Bayadega project at Egypt’s New Capital
EGP 3bn of new investments on its way to Egypt’s real estate market in next phase, Gulf investors involved in developing new projects

Egyptian Developers launches JAYA Business Complex in New Capital
The company’s Chairperson, Abdel Rahman Abo Zaid, said that the project is located on 6,000 sqm with 20,000-sqm in sales area.

Investwell contracts with LEEDS -TFM to manage Avalon New Cairo, New Capital
Avalon New Cairo project is scheduled for delivery in June 2023

Nile Developments invests EGP 5bn in 1st Festival Tower project at New Capital
Contract signed with Orascom Group subsidiary, CFM, to provide facility management solutions for first Festival Tower

Akam contracts with Moharram.Bakhoum to supervise SCENE7 project at New Capital
About 16% of the construction work at SCENE7 project already completed, said Akam Developments’ Hisham Kandil

Sky Abu Dhabi inaugurates Residence Eight project in New Capital
Company aims to achieve sales of EGP 1.5bn at project in 2021

Better Home offers discounts on its New Capital project
The discounts and offers apply on all units developed by the company, including apartments, villas, administrative, and commercial units, with various sizes and prices available that suit all customers.

JD Holding to increase investments at New Capital to EGP 12bn in 2021
The company will undertake this increase through developing a group of projects in the city, and increasing its plot portfolio.

Watan Developments invests EGP 1bn in Orient Business Complex at New Capital
Project is constructed on total area of 2,319 sqm

Real estate developer Babylon signs strategic contracts for 2 New Capital projects
The real estate developer, Babylon Urban Development, has signed strategic partnership contracts worth EGP 1bn with a number of companies to construct, design and manage its two office projects in the New Administrative Capital (NAC).

Approaching government transfer to New Capital spikes property prices by 20%
NAC will have strong impact on revival of real estate sector

ERD Developments launches EGP 4bn worth Diamond Towers in New Capital
Project consists of two towers dedicated to commercial, administrative activities in NAC’s Downtown area

Hometown, Hassan Allam contract to manage 2 property projects in New Capital
Two projects are Lafayette Mall in Downtown area, Zaha Park project in MU23

Concept Development set to launch its 1st project in New Capital
Egyptian real estate developer, Concept Development, is preparing to launch its first project in the New Administrative Capital (NAC) during the first quarter (Q1) of 2021, according to the company’s Chairperson Ehab Aboelmagd. Aboelmagd told Daily News Egypt that the project is a commercial, administrative, and medical mall that boasts various units of varying sizes, …

Tamayoz debuts Ivory Plaza New Capital’s 2nd phase
Project is targeting total of EGP 600m in sales

Investment Law amendments offer new incentives in Egypt’s New Capital
Total number of contracts completed in New Capital’s first phase reach 218, says ACUD spokesperson

Housing Ministry explores development plans of 2nd, 3rd stages in New Capital
In a statement issued on Thursday, Al-Gazzar said the proposals will be presented to the Administrative Capital for Urban Development, the developer of NAC, in preparation for implementing them.

Rekaz Developments eyes EGP 600m in sales at New Capital’s Opal Mall
Company pumps EGP 400 in investments into project, says CEO Tamer Bakeer

Amer Group subsidiary to develop land plot at New Capital
The 1,000 feddan plot of land was allocated to Giza Tourism Development Company, with the subsidiary company to play the role of real estate developer to the project rather than its owner. The project represents good investment feasibility and enjoys interest from the government.

Capital Link debuts three new projects in New Capital
Company intends to begin sales for its Spot project this month

ACUD to begin infrastructure work at New Capital’s phase 2 in September
NAC’s first phase sees great demand from both local, international investors

Better Home offers sustainable prices at New Capital projects
Company’s NAC projects reflect lowest prices available for prime location

Builderia Development invests EGP 500m in New Capital’s PARAGON
PARAGON, located in the financial district of the New Administrative Capital (NAC), consists of a two-story parking area spread over 8,500 sqm, a ground floor, and seven floors containing 205 units.

Sorouh registers EGP 2.5bn sales at Entrada New Capital project
Company’s total investments in Entrada reach EGP 10bn