The New Urban Communities Authority (NUCA) has authorized a range of benefits and incentives for investment projects in new cities, particularly with regard to land utilization.

The mechanism allows foreign investors to obtain plots of land with mixed-use purposes in new cities, priced in dollars and transferred from abroad. The Minister of Housing, Utilities, and Urban ...

Egypt wants the development to help increase the value of state assets and boost land prices through "non-traditional, innovative ideas," Prime Minister Mostafa Madbouly said.

Egypt has sold almost half of the land earmarked for the first phase of a huge project to develop a new capital 50 kilometres east of Cairo, an official at the state-owned company building it said.

In the same month, Egypt's House of Representatives approved an amendment to the Desert Land Law, which grants foreigners the right to own lands for investment projects.

Egypt - World-renowned architect Adrian Smith along with his partners Gordon Gill and Robert Forest, representing their international design firm, Adrian Smith + Gordon Gill Architecture (AS+GG ...