Land in first phase of Egypt’s new administrative capital to be sold by 2022

The New Administrative Capital Company for Urban Development (NACCUD) is planning to sell the remaining 25% of land in the first phase of the new capital to developers by 2022, company spokesperson Khaled Al Husseini told Al Shorouk. NACCUD has so far concluded 196 contracts for schools, universities, sports clubs, banks, multi-purpose developments, and company headquarters. The company is expected to begin delivering facilities by 2023.