The New Urban Communities Authority (NUCA) has tendered 26 mixed-use land plots worth EGP 35.5 bn in Sixth of October, Sheikh Zayed, New Cairo, and El Shorouk and Sadat cities under a new land tender mechanism, Housing Ministry sources told the press.

In related news: NUCA has granted Al Arabia Company For Real Estate Development (ARCO) a five-year extension to complete a project in Sixth of October City and adjust the price of the land, Al Mal reported. The authority did not elaborate on the price adjustment or explain what would what happen if the company were to miss the new deadline to complete the projects.

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