Latest in Tag: The Administrative Capital for Urban Development Highlight
Latest in Tag: The Administrative Capital for Urban Development

ACUD keen to partner with developers on fixed partnership rate
Company denies withdrawing plots of land from any developer

The Administrative Capital for Urban Development Signs an Agreement of $135 million with Orange Egypt to Build and Operate Its Data Center and Cloud Computing Platform
The data center is an infrastructure milestone to establish the concept of the “smart capital” and is considered to be one of the key technological hubs in Egypt and the African continent. Orange Egypt has been awarded to build and operate the data center according to the latest international standards based on the company’s international expertise in providing innovative technologies and solutions in cooperation with key international players operating in the ICT sector.

EGP 300bn in proceeds from selling 17,500 feddan in NAC’s first phase
On the sidelines of the signing agreement’s press conference with Orange Egypt, which finalised the establishment and operation of the Administrative Capital data centre on Monday, Abdel Latif noted that the company is still receiving requests from foreign and local companies to obtain the rest of the lands in the first phase of the project, which amounts to 6,500 feddan, and the company is studying serious offers from them.

ACUD signs MoU with Germany’s Dorsch to manage, operate water, sewage utilities in NAC project
The MoU expected to turn into contract within six months, says Deutche Wasser International’s managing director

ACUD allocates lands to 12 companies in R8 in New Administrative Capital
Company launches competition to choose name, logo for NAC

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

ACUD receives Tanzanian Prime Minister
The visit also included reviewing the experience of establishing the Capital and the huge investment opportunities in the city.

Number of 37 companies receive ministerial approval for new projects in NAC
Sixteen companies appliy for ministerial approval in H1 2019, says spokesperson

ACUD, Petroleum Ministry ink deal to provide government district with natural gas
Deal worth EGP 31.5m, says ACUD’s spokesperson

ACUD plans to apply comprehensive electricity metering system
The Administrative Capital for Urban Development (ACUD) held a meeting with a number of smart electricity meter manufacturers and suppliers to discuss applying a comprehensive electricity metering system in the New Administrative Capital. Sources told Daily News Egypt that ACUD aims to launch a comprehensive installing system of electricity metres according to the highest international …

US-Saudi-UAE consortium negotiates with ACUD to develop 500 feddan entertainment area in NAC
Company launches lands in partnership system with 100-feddan size, says spokesperson

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

ACUD inks agreement with MasterCard to provide NAC with e-payments
Partnership includes identifying means of managing smart card service, follow-up implementation

ACUD confirms continuity of negotiations with Emaar to acquire 1,500 feddan
Development in 1st phase of Capital being swiftly finalised compared to available time

ACUD completes allocation of second offering of capital’s lands
The Administrative Capital for Urban Development (ACUD) announced that it has completed the allocation of all lands of the neighbourhood known as R7, the second offering in the capital, according to spokesperson Khaled El Hosseini. El Hosseini explained that R7 is on 2,500 feddans and was offered on 17 December 2017, with an average price …