{"id":597050,"date":"2019-07-15T04:18:59","date_gmt":"2019-07-15T04:18:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/how-egypts-new-cities-program-underwent-a-total-transformation\/"},"modified":"2019-07-15T04:18:59","modified_gmt":"2019-07-15T04:18:59","slug":"how-egypts-new-cities-program-underwent-a-total-transformation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/how-egypts-new-cities-program-underwent-a-total-transformation\/","title":{"rendered":"How Egypt\u2019s new cities program underwent a total transformation"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>How Egypt\u2019s new cities program underwent a total transformation:<\/b> Egypt\u2019s new cities program has undergone a radical shift from <a href=\"http:\/\/open_jicareport.jica.go.jp\/pdf\/11893427_03.pdf\">what was first envisaged (pdf)<\/a> in the 1950s and 60s: The development of satellite cities to absorb the strain of a rapidly growing population. When the New Urban Communities Authority (NUCA) started selling increasing amounts of land to luxury developers in the 1990s, places like Sheikh Zayed \u2014 originally intended to be a mixed-income city \u2014 were transformed into \u201cenclaves for wealthy Cairenes eager to escape the chaos of the capital,\u201d <a href=\"https:\/\/www.theguardian.com\/cities\/2019\/jul\/10\/new-cities-in-the-sand-inside-egypts-dream-to-conquer-the-desert\">Rachel Keeton and Michelle Provoost argue<\/a> in this excerpt from their book <a href=\"http:\/\/www.newtowninstitute.org\/spip.php?article1320\">\u201dTo Build a City in Africa.\u201d<\/a> With 22 built or partially-built new cities, inhabited by 7 mn, and plans by NUCA to build 19 more, they ask to what extent the program is succeeding, and where it can go from here.<\/p>\n<p><b>Satellite cities have not solved \u2018population pressures\u2019: <\/b>10th Ramadan is home to 650k inhabitants, mainly industrial workers and their families, although NUCA\u2019s target is 2.1 mn by 2023. The economic incentives that led people to settle there in the 1970s and 80s have waned, and while low-income housing development perseveres, infrastructure is poor. Meanwhile, Sheikh Zayed\u2019s 330k inhabitants are less than half the number targeted, in large part because it is outside the price bracket of all but the very wealthy: 71% live in luxury accommodation, while only 15% live in low-income housing.<\/p>\n<p><b>The question of where to go from here remains unanswered:<\/b> The investment pouring into <a href=\"https:\/\/www.theguardian.com\/cities\/2018\/may\/08\/cairo-why-egypt-build-new-capital-city-desert\">Egypt\u2019s 700 sqkm new capital<\/a>, which is intended to house as many as 6.5 mn people, shows that the building boom is far from letting up. Land prices continue to increase (NUCA is expected to <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/03\/nuca-to-hike-land-prices-by-15-20-in-2019\/\">raise prices by 15-20%<\/a> in 2019 alone) and developers themselves are quick to point out that <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/11\/my-morning-routine-haitham-mohamed-chief-executive-officer-at-ora-developers\/\">land is a scarce resource<\/a>. NUCA has recently <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/19\/egypt-to-begin-tendering-land-under-new-mechanism\/\">issued a new regulatory framework<\/a> to handle requests for the allocation of land for mixed-use projects. But securing investment while meeting the housing needs of a rapidly growing population remains somewhat of a balancing act. <a href=\"https:\/\/www.arabwestreport.info\/en\/egypt%E2%80%99s-desert-dreams-david-sims\">Urban development expert David Sims<\/a> expresses surprise at \u201chow little public land actually directly benefits the masses, and how much of it ends up enriching a few investors.\u201d He believes the push to continue building exists partly because the new cities program \u201cmay be too big to fail.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Egypt\u2019s new cities program underwent a total transformation: Egypt\u2019s new cities program has undergone a radical shift from what was first envisaged (pdf) in the 1950s and 60s: The development of satellite cities to absorb the strain of a rapidly growing population. When the New Urban Communities Authority (NUCA) started selling increasing amounts of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":597051,"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":[9003],"tags":[72,879,8942,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-new-urban-communities-authority","tag-urban-development","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"756afe20-ed8c-40bd-b9b0-c62ad1378b44","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/7\/2799.jpg","photo_position":"above","related_issue":[597031],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Egypt\u2019s new cities program underwent a total transformation - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/how-egypts-new-cities-program-underwent-a-total-transformation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Egypt\u2019s new cities program underwent a total transformation\" \/>\n<meta property=\"og:description\" content=\"How Egypt\u2019s new cities program underwent a total transformation: Egypt\u2019s new cities program has undergone a radical shift from what was first envisaged (pdf) in the 1950s and 60s: The development of satellite cities to absorb the strain of a rapidly growing population. When the New Urban Communities Authority (NUCA) started selling increasing amounts of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/how-egypts-new-cities-program-underwent-a-total-transformation\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-15T04:18:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2799.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/how-egypts-new-cities-program-underwent-a-total-transformation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/how-egypts-new-cities-program-underwent-a-total-transformation\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"How Egypt\u2019s new cities program underwent a total transformation\",\"datePublished\":\"2019-07-15T04:18:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/how-egypts-new-cities-program-underwent-a-total-transformation\/\"},\"wordCount\":395,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/how-egypts-new-cities-program-underwent-a-total-transformation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2799.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"New Urban Communities Authority\",\"urban development\",\"worth reading\"],\"articleSection\":[\"Worth reading\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/how-egypts-new-cities-program-underwent-a-total-transformation\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/how-egypts-new-cities-program-underwent-a-total-transformation\/\",\"name\":\"How Egypt\u2019s new cities program underwent a total transformation - 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A total of 170 companies made the 10% down payment specified by the new mechanism\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":571563,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/raya-plans-egp-640-mn-securitized-bond-sale-cib-to-manage-offering\/","url_meta":{"origin":597050,"position":1},"title":"Raya plans EGP 640 mn securitized bond sale, CIB to manage offering","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"DEBT WATCH- Raya plans EGP 640 mn securitized bond sale, CIB to manage offering: Raya Holding is planning a new EGP 640 mn securitized bond issuance to finance its short-term debt and has reportedly hired CIB to manage the offering, Al Shorouk reports, quoting unnamed banking sources. 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The area will now be divided into October City, New October City, and October Gardens. The decision also included\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":597472,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/nuca-to-auction-5k-land-plots-in-18-new-cities-by-the-end-of-2019\/","url_meta":{"origin":597050,"position":4},"title":"NUCA to auction 5k land plots in 18 new cities by the end of 2019","author":"enterpriseam admin","date":"28 July 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) is planning to auction 5k land plots in 18 new cities before the end of 2019, Housing Ministry sources told the local press. The authority, which is currently conducting an evaluation to determine the size of available land in new cities, has yet to\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":575143,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/egypts-nuca-signs-egp-50-bn-syndicated-loan-agreement\/","url_meta":{"origin":597050,"position":5},"title":"Egypt\u2019s NUCA signs EGP 50 bn syndicated loan agreement","author":"enterpriseam admin","date":"4 October 2020","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has borrowed EGP 50 bn from a consortium of local banks headed by the National Bank of Egypt and Banque Misr to finance developments in new cities, Al Mal reports, citing sources familiar with the matter. The loan will carry an interest rate of\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=597050"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597050\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/597051"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597050"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597050"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}