{"id":602063,"date":"2019-03-18T04:04:29","date_gmt":"2019-03-18T04:04:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/"},"modified":"2019-03-18T04:04:29","modified_gmt":"2019-03-18T04:04:29","slug":"egypts-nuca-issues-new-regulations-for-land-allocation-process","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/","title":{"rendered":"Egypt\u2019s NUCA issues new regulations for land allocation process"},"content":{"rendered":"

REGULATION WATCH- NUCA issues new regulations governing how land is allocated:<\/b> The New Urban Communities Authority (NUCA) has approved a new regulatory framework for how land is allocated to investors for service and mixed-use projects, Housing Minister Assem El Gazzar said<\/a><\/u>. Under the new regulations, NUCA will be required to allocate land based on investor preference and each city or town\u2019s development priorities. A specialized committee will be mandated with determining the price of the land. Investors will also be required to submit feasibility and solvency studies with their land allocation requests and will be required to pay a 10% down payment for the land as proof of commitment. Investors who back out later will only get back half of the down payment.<\/p>\n","protected":false},"excerpt":{"rendered":"

REGULATION WATCH- NUCA issues new regulations governing how land is allocated: The New Urban Communities Authority (NUCA) has approved a new regulatory framework for how land is allocated to investors for service and mixed-use projects, Housing Minister Assem El Gazzar said. Under the new regulations, NUCA will be required to allocate land based on investor […]<\/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":[8572],"tags":[72,213,125,879,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602063","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-infrastructure-watch","tag-investment-watch","tag-new-urban-communities-authority","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"29cf4810-e1df-4c1f-b228-adb734fc6876","is_powered_by":true,"section_story_id":"16aa5fbe-72cc-4967-8c85-326cc392dec6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602047],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s NUCA issues new regulations for land allocation process - 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\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s NUCA issues new regulations for land allocation process\" \/>\n<meta property=\"og:description\" content=\"REGULATION WATCH- NUCA issues new regulations governing how land is allocated: The New Urban Communities Authority (NUCA) has approved a new regulatory framework for how land is allocated to investors for service and mixed-use projects, Housing Minister Assem El Gazzar said. Under the new regulations, NUCA will be required to allocate land based on investor […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-18T04:04:29+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s NUCA issues new regulations for land allocation process\",\"datePublished\":\"2019-03-18T04:04:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/\"},\"wordCount\":133,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"infrastructure watch\",\"investment watch\",\"New Urban Communities Authority\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/\",\"name\":\"Egypt\u2019s NUCA issues new regulations for land allocation process - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-03-18T04:04:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt\u2019s NUCA issues new regulations for land allocation process\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt\u2019s NUCA issues new regulations for land allocation process - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/","og_locale":"en_US","og_type":"article","og_title":"Egypt\u2019s NUCA issues new regulations for land allocation process","og_description":"REGULATION WATCH- NUCA issues new regulations governing how land is allocated: The New Urban Communities Authority (NUCA) has approved a new regulatory framework for how land is allocated to investors for service and mixed-use projects, Housing Minister Assem El Gazzar said. Under the new regulations, NUCA will be required to allocate land based on investor […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-03-18T04:04:29+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt\u2019s NUCA issues new regulations for land allocation process","datePublished":"2019-03-18T04:04:29+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/"},"wordCount":133,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","infrastructure watch","investment watch","New Urban Communities Authority","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/","name":"Egypt\u2019s NUCA issues new regulations for land allocation process - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-03-18T04:04:29+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/egypts-nuca-issues-new-regulations-for-land-allocation-process\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt\u2019s NUCA issues new regulations for land allocation process"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":599140,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/egypt-to-begin-tendering-land-under-new-mechanism\/","url_meta":{"origin":602063,"position":0},"title":"Egypt to begin tendering land under new mechanism","author":"enterpriseam admin","date":"19 June 2019","format":false,"excerpt":"REGULATION WATCH- Cabinet outlines new land tender mechanism for mixed-use developments in new communities: The Madbouly Cabinet outlined in a statement on Monday the New Urban Communities Authority\u2019s (NUCA) new regulatory framework to handle requests for the allocation of land for mixed-use projects. Under the mechanism, two NUCA-commissioned departments will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/2157.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595647,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/egypts-nuca-allocates-egp-16-bn-land-to-new-city-investor\/","url_meta":{"origin":602063,"position":1},"title":"Egypt\u2019s NUCA allocates EGP 16 bn land to new city investor","author":"enterpriseam admin","date":"1 August 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has allocated EGP 16-bn worth of land plots under a new land tender mechanism that allocates land directly to investors, a source from the Housing Ministry told the press. A total of 170 companies made the 10% down payment specified by the new mechanism\u2026","rel":"","context":"In "Real Estate + Housing"","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":593468,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/emaar-signs-settlement-agreement-with-nuca-to-move-ahead-with-west-cairo-project\/","url_meta":{"origin":602063,"position":2},"title":"Emaar signs settlement agreement with NUCA to move ahead with West Cairo project","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"DISPUTE WATCH- Emaar signs settlement agreement with NUCA to move ahead with West Cairo project: Emaar Misr has signed a final agreement with the New Urban Communities Authority to settle a dispute with the authority and purchase land surrounding its planned Cairo Gate compound in Sheikh Zayed, according to a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/3\/768.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575216,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/06\/real-estate-developers-face-higher-solvency-requirements-for-land-allocation\/","url_meta":{"origin":602063,"position":3},"title":"Real estate developers face higher solvency requirements for land allocation","author":"enterpriseam admin","date":"6 October 2020","format":false,"excerpt":"Real estate developers are now required to meet a minimum solvency test on land purchases worth more than EGP 1 bn for service and mixed-use projects under regulatory amendments issued by the New Urban Communities Authority (NUCA), Al Mal reports. NUCA currently requires investors to make a 10% \u201ccommitment deposit\u201d\u2026","rel":"","context":"In "Real Estate + Housing"","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":599652,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egypts-nuca-allocates-land-for-freezone-in-new-aswan\/","url_meta":{"origin":602063,"position":4},"title":"Egypt\u2019s NUCA allocates land for freezone in New Aswan","author":"enterpriseam admin","date":"6 January 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has allocated a 187-feddan land plot to the New Aswan city authority to develop a freezone, deputy head of NUCA Tarek El Sebai said. The move came in response to a request from the investment ministry amid efforts to increase the number of freezones\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621248,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/nuca-rescinds-decision-to-seize-land-from-21-distressed-factories\/","url_meta":{"origin":602063,"position":5},"title":"NUCA rescinds decision to seize land from 21 \u201cdistressed\u201d factories","author":"enterpriseam admin","date":"4 November 2018","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has rescinded a decision to seize land from 21 investors from the New Cairo 1,000 factories project, NUCA\u2019s deputy head of real estate and commercial affairs Tarek El Sebaie said. The investors have been granted a final three-month ultimatum to begin construction. The Industrial\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"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\/602063","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=602063"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602063\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602047"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602063"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602063"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}