Latest in Tag: NUCA Highlight

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Latest in Tag: NUCA


NUCA awaits green light to issue largest securitisation bond programme in Egypt, worth EGP 20bn

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.

Fatma Salah

Egypt eyes launch of 6 new cities

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 …

Shaimaa Al-Aees

5 5 Midtown

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 …

Shaimaa Al-Aees

Palm Hills 1

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 …

Daily News Egypt