NACCUD gives Sabbour-Alliance JV 6 months to make USD 100 mn down payment

The New Administrative Capital Company for Urban Development (NACCUD) has granted a consortium of UK-based Alliance Worldwide and Sabbour Consulting a six-month grace period to make a USD 100 mn down payment for a 500-feddan plot of land it is looking to develop in the new administrative capital’s Diamond City project, Al Shorouk reports.