Latest in Tag: NUCA Highlight
Latest in Tag: NUCA
NUCA prepares to release largest securitisation bond issuance in its history with a value of EGP 20bn
The issuance will be completed within a month, CIB is the only coordinator of the issue: Sources
NUCA awaits green light to issue largest securitisation bond programme in Egypt, worth EGP 20bn
Mohamed Omran, Chairperson of the FRA, said that since 2018, with the launch of the first phase of its comprehensive strategy for non-banking financial activities (2018-2022), the authority has sought to activate and develop debt instruments represented in corporate bonds and securitization bonds for futures in addition to sukuk, given its vital role in deepening the Egyptian capital market and creating an added value for the national economy.
Egypt eyes launch of 6 new cities
Egypt is looking studying the possibility of developing six new cities, which will be implemented in the next period, according to Waleed Abbas, Assistant Housing Minister for Community Affairs at the New Urban Communities Authority (NUCA). Speaking at Akhbar AlYoum’s first Real Estate Conference, on Sunday, Abbas added that the Egyptian Government has succeeded in eliminating challenges facing …
New Urban Communities Authority approves EGP 140bn budget for FY 2021/22
Authority to start building 150,000 housing units in some new cities
Egypt, China sign contract to design, construct 5 skyscrapers at New Alamein
Skyscrapers will be self-financed from NUCA’s resources
61 new cities developed on total area of 3.25m feddan: Assistant Housing Minister
New developments represent 1.5% of Egypt’s total area
NUCA sells 5k-feddan land plot in Capital Gardens City to TMG subsidiary
Project will see EGP 500bn of investments and create 3.5m jobs, says Hisham Talaat Moustafa
NUCA to offer 23 land plots under partnership system at New Alamein
Authority received 1,496 requests to acquire land in new cities through market-oriented mechanism
NUCA approves allocation of 20 feddans in Sohag to Ebny Real Estate
The land allocation will ensure that the company can now proceed with the development of an integrated urban project in the new Upper Egypt development.
Ora Developers, NUCA to develop North Coast residential, tourism project: Naguib Sawiris
During a press conference on Tuesday, Sawiris said that Ora Developers is negotiating for a further 200 feddans of neighbouring land, on which to expand the development and include more integrated services.
NUCA issues 60 decisions for development projects in August: Assistant Housing Minister
NUCA initiates new land allocation system, entitled the Market Oriented Mechanism
Eateries in new cities exempted from usufruct fees during COVID-19 closure
The decision covers all eateries and cafeterias in NUCA-affiliated new cities, and covers the period of closures due to the novel coronavirus (COVID-19) pandemic.
EBRD to invest EGP 1.5bn in NUCA bond issuance
Bank has leant its support to Egypt’s largest local currency bond issuance
NUCA Egypt bond wins top securitisation deal award
Authority has embarked on ambitious investment plan to develop several new cities across Egypt
NUCA’s investment plan increases to EGP 90bn in FY 2019/20
Authority receives 3,000 requests to obtain lands through market orientation mechanism, of which 650 pay down payments
Al Ahly Sabbour partners with NUCA to develop KEEVA with EGP 5bn investments
144-feddan project to be developed over 4 phases
NUCA to keep land rates unchanged for industrial projects until 30 June
Allocating 32 plots of land in six new cities to establish service, commercial, and administrative projects
SODIC, NUCA sign escrow account contract with Banque Misr for 500-feddan plot in New Zayed
SODIC had signed the partnership agreement for the 500-feddan plot with the NUCA in March 2019. Since then, the company has been awarded the ministerial decree and launched the first neighbourhood of the project “VYE” which achieved over EGP 1bn in booked sales.
NUCA, Emaar agree to develop EGP 50bn integrated residential projects
The NUCA has handed over a 500-feddan plot of land to Emaar in Sheikh Zayed Extension City for another full-service residential project with investments worth approximately EGP 37.8bn and will create more than 70,000 direct and indirect jobs.
Lack of cooperation between real estate developers and state caused failure of first, second generation cities: NUCA
During a Sunday press conference, Emara stressed that without establishing cooperation between real estate developers and the state, there will be no new cities, noting that the state builds infrastructure of new areas, which facilitates developers’ work later.
NUCA commissions SECON to manage, market New Alexandria project
SECON to market 417-feddan urban area in the first phase of the project, says CEO
Direct-order land allocation system likely to attract FDIs: Developers
New mechanism encourages companies to acquire new land in a safe, stable way away from land dealers, brokers, says developer
Sarwa Capital to close 2nd phase of securitisation NUCA bonds this month
Sukuk will attract new blood, raising awareness is challenging, says El-Sawy
Egypt to launch online booking of land, residential units in new cities: Housing minister
NUCA presents investment opportunities to developers through its website
NUCA to collect EGP 85bn in proceeds from direct-order land allocation
Authority received 900 requests for land allocation, says assistant housing minister
NUCA receives 700 requests for direct allocation of land
Total investments of projects scheduled for approvals recorded EGP 300bn, says Walid AbbasÂ
Egypt’s government issues 100 approvals for real estate projects annually
State focuses on overcoming any obstacles facing investors working in New Alamein city
Arkan negotiates with NUCA to build 15-feddan urban development project
Project comprises of 30 commercial units, 70 administrative units
Better Home decides to abolish expenses of unit’s ownership transfer
The board of directors of the Better Home Group company issued a decision to abolish expenses of transferring units’ ownership in the company’s projects, estimated at about 6% of the total value of the residential unit, as a facilitation for customers. The company pointed out that the board of directors decided to abolish these expenses …
Palm Hills, NUCA sign 205 feddan mixed-use development agreement
Palm Hills Developments announced, on Sunday, that that its subsidiary, Arkan Palm for Real Estate Investment Company, of which Palm Hills owns 40% stake, signed a mixed-use co-development agreement with the New Urban Communities Authority (NUCA) on a revenue sharing basis. The project will be built over 205 feddan in Sheikh Zayed City. It will …