New Capital
Ideally located in the Central Business District, Hilton Cairo New Capital Tower is slated to open in 2026 and joins Hilton’s growing portfolio in Egypt
The Administrative Capital for Urban Development (ACUD) called the winners – Benha Electronics Co. and Suntech Electronics Co. – earlier Sunday.
A different marketing process is needed for this project to be promoted at both the local and international levels, the minister said in a statement.
The area will span over 40,000 feddans and the execution is expected to begin in 2018 and end in three years.
A wrap-up for the most prominent business news of the day.
A wrap-up for the most prominent business news of the day.
Natural gas has been supplied to the New Administrative Capital after the Cairo Gas company finished the construction of the pipeline.
Natural gas has been supplied to the New Administrative Capital after the Cairo Gas company finished the construction of the pipeline.
The president has particularly followed up on supplying the new capital with the needed electricity, sewage and water facilities.
In addition to$3.2 billion invested in the second phase of the new capital, China will invest $8 billion in the project over the next 10 years.
The residential district will have youth centers, schools and hospitals, with all units expected to be ready by March 2018.
New Administrative Capital was described by the magazine as able to accommodate five million people.
President Abdel Fatah al-Sisi issued decision number 229 to allocate a 177 feddans.
initiative to build 1000 cinema theatres in the new capital.
Egypt's largest listed real estate developer Talaat Mostafa has purchased 500 feddans (acres) for development in the country's new administrative capital, sources at the housing ministry told Reuters on Sunday
Despite current economic challenges, transport and logistic company Egytrans records almost 64% increase in revenues and 488% increase in net profit.
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