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

Equity to develop new residential project in New Capital on 53 feddan
Company building modern commercial project in New Cairo, with 60 commercial, administrative units

Egypt’s New Capital attracts new investments, also locks country into Chinese loans, technology
‘Owner’ of New Capital is ACUD with two shareholders, 51% is NUCA, remaining is army, capital is $10.3bn

Castle Development to launch 2 new projects in New Capital worth EGP 2.3bn
Company to launch 2nd phase of ‘Castle Landmark New Capital’ next month

484 antiques were returned to Egypt: Anany
Al-Sisi discussed with the ministers of antiques and education their latest projects

Madboudly encourages Saudi investment amid claims of continued high housing demand
Zaazou said discussion between Saudi and Egypt are taking place over constructing a $4bn resort

Calls to Housing Ministry to allocate part of new capital for housing
Abdallah expects no less than EGP 20bn in revenues from selling those lands to citizens

EGP 8.5bn to be pumped in new capital, 1.5m acres
The share of the 1.5m acres project will amount to EGP 3.5bn while the New Administrative Capital will acquire the remaining EGP 5bn.

NUCA to provide initial investment in new capital, 1.5m acres project
Financing the projects will not pressure the general budget

New capital to be implemented via investment zones: Salman
Alabbar is within a local, foreign, and Arab alliance to create the master plan of the capital, while the infrastructure implementer is yet to be decided

New capital or new real estate project?
The state operates on the logic of real estate investment and land trade, says Yahia Shawkat

A Capital searching for funding
The search for external funding led to a dispute between the Egyptian government and Alabbar, who asked that a part of the funding required to develop the first phase of the capital project be provided by Egyptian banks.

Egypt can return to era of good population policies: UNFPA Representative
A “doomsday scenario” is possible but not inevitable with long term thinking from the government and families

The New Capital: The Good, Bad and Cairo
By Ahmed El-Wahsh Over the past few days, the Egyptian government has unveiled to the world and surprisingly enough, its own Egyptian nationals, that there shall be a change of its capital state. It will be moving from Cairo to a patch of uninhabited land 50km to the East of the Fifth Settlement. According to …