He revealed that 60% of the project’s sales is for non-Egyptians. Additionally, the company plans to be present at the Everest real estate exhibition in Kuwait in October.
Latest in Highlight
Paris East Mall’s sales exceeded EGP 1bn, says chairperson
The company targets marketing the project within six months with prices ranging between EGP 40,000-80,000 per sqm.
The sources added that the Administrative Capital for Urban Development (ACUD) issued the tender’s prospectus on Sunday for $5,000.
Company has EGP 18m contracts, aims to increase its exports
“These youth conferences have certainly become essential for the young people of this nation because they are giving them the opportunity to express themselves and to brainstorm on issues of concern to them and seek solutions for problems the Egyptian society might be facing,” the member said.
Korean investors keen to participate in Egypt’s megaprojects, says ambassador
Mahmoud said that the OIA project is spread over 30 feddan in the New Capital, composed of only 20% of building areas, which include 1,300 units.
Company’s total investments amounted to approximately EGP 36bn
The company said on Tuesday that the mall will operate with the most sophisticated technology as well as include commercial units with small spaces starting from 45 sqm and clinics with 65 sqm with different and various payment plans without down-payments and six-year installment periods.
Company has to complete 25% of its project within a year since obtaining ministerial approvals, says ACUD Chairperson
In this context, it should be noted that in no case may the land be withdrawn from any of the developers contracting with the ACUD on various activities without obtaining a final judicial decision.
Company achieved sales of EGP 860m in 2018, says CEO
Company liaised with ministry of petroleum to set up first district cooling system in NAC
Projects marketed vary in services, spaces, prices, ranging between EGP 7,000, EGP 12,000 per sqm
The company plans to participate in several foreign real estate exhibitions to promote sales for foreigners
The projects are Kai Sokhna, Kai Sahel, La Nuova Vista, Cairo Business Park, IL Bosco and Vinci.
Company building modern commercial project in New Cairo, with 60 commercial, administrative units
‘Owner’ of New Capital is ACUD with two shareholders, 51% is NUCA, remaining is army, capital is $10.3bn
Company to launch 2nd phase of ‘Castle Landmark New Capital’ next month
Al-Sisi discussed with the ministers of antiques and education their latest projects
Zaazou said discussion between Saudi and Egypt are taking place over constructing a $4bn resort
Abdallah expects no less than EGP 20bn in revenues from selling those lands to citizens
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.
Financing the projects will not pressure the general budget
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
The state operates on the logic of real estate investment and land trade, says Yahia Shawkat
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.
A “doomsday scenario” is possible but not inevitable with long term thinking from the government and families
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 …