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

New Capital’s R3 neighbourhood to be delivered before year-end
NAC remains in full swing, despite ongoing coronavirus pandemic

ACUD to support developers in New Capital with flexible payment systems
New Capital maintains its investment attractiveness, says ACUD official

Egypt to launch joint-stock company for New Capital monorail management
The company will be established under the name “United Company for Establishment, Management, Operation, and Maintenance of Metro Lines and Rail Transport” in accordance with the provisions of the Law on Joint-Stock Companies, Partnerships Limited by Shares, and Limited Liability Companies, and Investment Law.

NCEDC to operate Egypt’s first smart electricity grid in New Capital
Company will operate project on behalf of France’s EDF

MBG to initiate Pukka 2 in New Capital 2Q 2020
Company continues its offers in March; strong precautions are being taken to combat Coronavirus, says chairperson

Housing Ministry invests EGP 80bn in New Capital’s Garden City
The original neighbourhood of Garden City – located in the heart of Cairo – houses elite families and foreigners as well as foreign embassies, such as the United States, Britain, and Italy, in addition to upscale hotels and restaurants.

ACUD to offer remaining available lands in New Capital’s first phase by year-end
Company to participate in Dubai Expo to attract international investors to New Capital

Better Home invests EGP 1.5bn in Midtown Condo New Capital
The project comprises 2,500 housing units with different sizes and three commercial malls on an area of 60 feddan on a building area of only 20% of the total area of the project, and the rest are green areas.

Benha Electronics-IGB to install rooftop photovoltaic panels in New Capital
Other companies that participated in the tender were El Sewedy, Infinity, Lightsource BP powered by Hassan Allam Utilities, Arab Organization for Industrialization, and others.

Ericsson Egypt partially develops telecommunication infrastructure of New Capital: regional manager
Improving mobile services requires new frequencies, facilitating network building procedures: ShoukryÂ

Al-Amiriya Press to open new branch in New Capital 2H2020
Chairperson of Al-Amiriya Press Ashraf Emam said the authority is equipped with the latest production lines, which include digital printing services, color separation, implementation of designs and technical equipment with the latest offset printing technologies in the Middle East region.

Altameer Arabian launches Egypt debut Rivan New Capital with EGP 3bn investments
Company intends to expand in Egyptian market, says board member

ACUD selects Orange to create $135m data centre, cloud-based platforms in New Capital
“We chose Orange to operate the NAC’s data centre due to its global expertise in the field: ACUD managing director

SAK to launch commercial mall in New Capital next month
He revealed that 60% of the project’s sales is for non-Egyptians. Additionally, the company plans to be present at the Everest real estate exhibition in Kuwait in October.

Pyramids launches Paris East Mall in New Capital with EGP 2bn investments
Paris East Mall’s sales exceeded EGP 1bn, says chairperson

IC Group launches Souq El-Dahab project in New Capital
The company targets marketing the project within six months with prices ranging between EGP 40,000-80,000 per sqm.

10 companies willing to bid for building rooftop solar panels in New Capital
The sources added that the Administrative Capital for Urban Development (ACUD) issued the tender’s prospectus on Sunday for $5,000.

Poly Egypt to supply EGP 8m worth LED curbstone roadside pavements for New Capital
Company has EGP 18m contracts, aims to increase its exports

Al-Sisi concludes 7th National Youth Conference in New Capital
“These youth conferences have certainly become essential for the young people of this nation because they are giving them the opportunity to express themselves and to brainstorm on issues of concern to them and seek solutions for problems the Egyptian society might be facing,” the member said.

Major S. Korean companies, embassy officials visit New Capital
Korean investors keen to participate in Egypt’s megaprojects, says ambassador

Edge Holding achieves EGP 1.5bn of New Capital’s OIA sales
Mahmoud said that the OIA project is spread over 30 feddan in the New Capital, composed of only 20% of building areas, which include 1,300 units.

Mardev Developments invests EGP 2bn in Menorca Residence in New Capital
Company’s total investments amounted to approximately EGP 36bn

CCR initiate Frontegate Smart Malls in New Capital
The company said on Tuesday that the mall will operate with the most sophisticated technology as well as include commercial units with small spaces starting from 45 sqm and clinics with 65 sqm with different and various payment plans without down-payments and six-year installment periods.

ACUD completes 60% of New Capital’s infrastructure
Company has to complete 25% of its project within a year since obtaining ministerial approvals, says ACUD Chairperson

Real estate developers deny withdrawal of their lands in New Capital
In this context, it should be noted that in no case may the land be withdrawn from any of the developers contracting with the ACUD on various activities without obtaining a final judicial decision.

Castle to launch 2nd phase of New Capital’s Castle Landmark in February
Company achieved sales of EGP 860m in 2018, says CEO

ACUD offers tender for management of solid waste in New Capital
Company liaised with ministry of petroleum to set up first district cooling system in NAC

Masharf contracts with 30 developers to market projects in New Capital
Projects marketed vary in services, spaces, prices, ranging between EGP 7,000, EGP 12,000 per sqm

MBG to complete marketing of Pukka project in New Capital by end of 2019
The company plans to participate in several foreign real estate exhibitions to promote sales for foreigners

Misr Italia directs EGP 9bn in Vinci project New Capital
The projects are Kai Sokhna, Kai Sahel, La Nuova Vista, Cairo Business Park, IL Bosco and Vinci.Â