Endowments Ministry plans to move 40% of its employees to New Capital

CAIRO – 25 May 2018: The Ministry of Endowments and Islamic Affairs plans to move 40 percent of the employees of its General Offices to the new administrative capital, Egyptian Minister of Endowments Mohammed Jomaa has stated.

According to the ministry’s plan, around 700 employees of the main general offices will be moved to the New Capital in the upcoming 10 months.

A source at the Endowments Ministry stated that the new headquarter will be the first unified building of Awqaf which includes the Ministry and the Supreme Council for Islamic Affairs.

Early October 2017, Egypt celebrated the launching of the first phase of the new Administrative Capital. President Abdel Fatah al-Sisi opened the ceremony with Prime Minister Sherif Ismail by his side.

“It is too early to say we have achieved anything… this is only the first step,” Sisi said, noting that the New Administrative Capital will be registered in history as a major achievement and a turning point in Egypt’s development.

The project’s first phase is worth a total of $8 billion and spans over 12,500 feddans, featuring 25,000 residential units and infrastructure projects, according to the Minister of Housing and Urban Communities Mostafa Madbouly.

Approximately 96 kilometers of roads, water supplies, rural sanitation projects, and irrigation systems will be included in the same phase where they will be constructed by 17 contractors.

The entire project features a total of 20 residential neighborhoods worth $15 billion, eight of which will be built in the first phase. The residential areas in the project will include an array of accommodation units including apartments, villas, town houses, office spaces and commercial areas.
The Egyptian government has created a master plan for the New Administrative Capital City, which is supposed to include residential districts, educational facilities, hospitals, 40,000 hotel rooms, a theme park, solar panels, and an international airport, making it a local and regional investment hub.

The government has offered several land plots in the mega project to developers and investors earlier this year to include active agents in the developments such as the Arab Contractors, Concord for Engineering and Contracting Company, and Talaat Mostafa Group Holding Company.

Considered one of the world’s largest hotels, Al Masah Capital Hotel has been opened in the third quarter of 2017. It spans over 10 acres of land and features a conference area, lakes, mosque, and a mall.

The project features 20 towers including the tallest tower in Africa that will have a height of 345 meters according to Madbouly’s statement.