{"id":559337,"date":"2021-01-18T03:30:04","date_gmt":"2021-01-18T03:30:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/18\/also-on-our-radar-on-18-january-2021\/"},"modified":"2021-01-18T03:30:04","modified_gmt":"2021-01-18T03:30:04","slug":"also-on-our-radar-on-18-january-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/18\/also-on-our-radar-on-18-january-2021\/","title":{"rendered":"Also on our radar on 18 January 2021"},"content":{"rendered":"<p><strong>TMG purchases 21 mn sqm of land for massive new capital development: <\/strong>Talaat Moustafa subsidiary the Arab Company for Projects and Urban Development has purchased 21 mn sqm (5.2k feddans) of land from the New Urban Communities Authority (NUCA) for a EGP 500 bn residential project in the Capital Gardens district near the new administrative capital, cabinet said in <a href=\"https:\/\/bit.ly\/3nSAv2D\">a statement<\/a>. The price of the land wasn\u2019t disclosed, but <a href=\"https:\/\/bit.ly\/39EUjRX\">Al Mal<\/a> claimed that NUCA valued it at 1.35k per sqm, translating to an overall price of EGP 28.5 bn. The company will pay for part of the land in-kind, and the rest in direct transfers. It plans to build a Madinaty-style city with up to 600k residents in nearly 140k homes, cabinet added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TMG purchases 21 mn sqm of land for massive new capital development: Talaat Moustafa subsidiary the Arab Company for Projects and Urban Development has purchased 21 mn sqm (5.2k feddans) of land from the New Urban Communities Authority (NUCA) for a EGP 500 bn residential project in the Capital Gardens district near the new administrative [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9950],"tags":[130,757,72,519,955,1719,875,879,9949,83,1517],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559337","post","type-post","status-publish","format-standard","hentry","category-radar","tag-construction","tag-egyptian-american-enterprise-fund","tag-enterpriseam","tag-fawry","tag-hospitality","tag-housing-ministry","tag-new-administrative-capital","tag-new-urban-communities-authority","tag-radar","tag-real-estate","tag-talaat-moustafa-group","wpautop","entry"],"acf":{"mongo_id":"f09dc53f-d36f-411f-a667-36d4c2eff8eb","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559314],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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China State Construction Engineering Company is the main contractor NUCA hired to develop the business district,\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632765,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/tmg-negotiating-with-the-government-for-5000-feddans-in-new-cairo\/","url_meta":{"origin":559337,"position":1},"title":"TMG negotiating with the government for 5,000 feddans in New Cairo","author":"enterpriseam admin","date":"19 February 2018","format":false,"excerpt":"Talaat Moustafa Group Holding is in negotiations with the New and Urban Communities Authority (NUCA) to acquire 5,000 feddans of land it plans to use for expansions in New Cairo, a source familiar with the matter tells Al Mal. NUCA is currently willing to give the company as much as\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574188,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/01\/banque-misr-nbe-sign-egp-4-bn-agreement-with-talaat-moustafa-subsidiary-to-develop-residential-projects\/","url_meta":{"origin":559337,"position":2},"title":"Banque Misr, NBE sign EGP 4 bn agreement with Talaat Moustafa subsidiary to develop residential projects","author":"enterpriseam admin","date":"1 September 2020","format":false,"excerpt":"Banque Misr and the National Bank of Egypt (NBE) have signed a EGP 4 bn financing agreement with Talaat Moustafa Group subsidiary the Arab Company for Projects and Urban Development to construct two mixed-use projects in Madinaty and Rehab City on a combined 341k sqm of land, according to an\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596323,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypts-nuca-offers-9-land-plots-in-new-cairo-to-developers\/","url_meta":{"origin":559337,"position":3},"title":"Egypt\u2019s NUCA offers 9 land plots in New Cairo to developers","author":"enterpriseam admin","date":"25 August 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) is tendering nine land plots comprising around 1k feddans in New Cairo to developers, unnamed officials at the authority told the local press. Mixed use plots have been priced at EGP 9,870 per sqm while commercial plots are priced at EGP 30.4k per sqm.","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559290,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/17\/no-nuca-fines-until-march\/","url_meta":{"origin":559337,"position":4},"title":"No NUCA fines until March","author":"enterpriseam admin","date":"17 January 2021","format":false,"excerpt":"A grace period on late payment fines for properties developed by the New Urban Communities Authority (NUCA) is now ending on 15 March, instead of last month, the authority said in a statement. 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