The New Urban Communities Authority (NUCA) will begin the first phase of the Warraq Island development in 1H 2020, Al Shorouk reports. The authority will spend more than EGP 1 bn constructing 10k housing units and other infrastructure during the initial phase. NUCA last week purchased 300 feddans on the island and remains in negotiations with the landowners for the remaining 200 feddans.
More from Enterprise
Egypt continues to issue LCs as usual
LCs continue to be processed — albeit after closer inspection…
EGX kicks off first day of futures trading on the EGX
The rollout includes 3- and 6-month future contracts tracking the…
Beltone to launch Fadda, Egypt’s first-ever silver investment fund
Good afternoon, friends, and (almost) Eid Mubarak. With Ramadan on…
How Egypt’s fintech players can own the digital Eidiya evolution
💸 Eid traditions in Egypt (and the region) have held…