NACCUD to increase land prices by up to 20% this year

The New Administrative Capital Company for Urban Development (NACCUD) will raise land prices in the new capital by up to 20% this year, NACCUD spokesman Khaled El Husseini tells Al Masry Al Youm. The land price increase will be determined by specialized pricing committees. NACCUD intends to sell the remaining 6k acres of the new capital’s 40k-acre first phase during the year.