NACCUD signs land sale agreements in new capital with 12 companies

The New Administrative Capital Company for Urban Development (NACCUD) has signed land sale agreements with 12 local companies in the new capital, company head Ahmed Zaki Abdeen said, according to Hapi Journal. The sales come after NACCUD reduced the required down payment to 10% of each land plot’s total value, from 20% initially. NACCUD plans to roll out more incentives on land purchases, Abdeen said, without providing further details.