NACCUD to tender 2,500 feddans in new administrative capital in May

Land tenders in new administrative capital coming in May, holding company could consider EGX listing: The New Administrative Capital Company for Urban Development (NACCUD) will issue tenders for 2,500 feddans for development in the new capital in May, company managing director Mohamed Abdel Latif tells Al Borsa. Separately, NACCUD is planning to become a holding company that incorporates several companies working on the new capital. The company is also looking into listing a portion of its shares on the EGX, Abdel Latif said, without providing further details.