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NUCA, HDBEG join forces to introduce City Edge Developments

Mostafa Madbouly, minister of housing, utilities, and urban development, attended the launch of the newly established City Edge Developments that revealed the company’s unique and distinctive vision in penetrating the real estate market. City Edge Developments, a partnership between the New Urban Communities Authority (NUCA) with 60%, the Housing and Development Bank (HDBEG) with 38%, …

Daily News Egypt

Government policies commodify housing: 10 Tooba

The government has been actively commodifying housing, says the latest report by 10 Tooba for Applied Research on the Built Environment. The independent institution says the government is advancing the pattern, whether directly, through investing in large-scale, higher-end housing, or through the continued market deregulation, encouraging speculative buying. The report noted that government policies further …

Shaimaa Al-Aees

NUCA preparing land offerings for investors and partnership projects

The New Urban Communities Authority (NUCA) has received an offer from Egyptian and Arab alliances to develop partnership projects. The authority has requested companies to make offers to compete on the projects of the second phase. The planning and projects sector has completed the preparation of lands for investment and service activities, in addition to …

Mohamed Darwish

Polaris studies launching real estate projects in New Administrative Capital, 6th of October City

Real estate director at Polaris Parks Bassel Shoirah said that Polaris International Industrial Parks, an industrial developer, is negotiating with the Ministry of Housing to obtain lands in the New Administrative Capital, 6th of October City, and Fifth Settlement. Shoirah told Daily News Egypt that his company is looking for developing middle-income housing in the …

Shaimaa Al-Aees

NUCA launches tender for supplying monitor, control devices for new cities

The New Urban Communities Authority (NUCA) has announced launching a tender for the supply and installation of 315 electronic remote street lighting, monitoring, and control devices for several new cities. The authority set 5 October as a deadline to open technical and financial specification envelopes presented by competing companies. The New Nubaria City is offering …

Daily News Egypt