{"id":604584,"date":"2018-12-06T04:03:10","date_gmt":"2018-12-06T04:03:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/70-of-land-in-the-new-administrative-capital-sold\/"},"modified":"2018-12-06T04:03:10","modified_gmt":"2018-12-06T04:03:10","slug":"70-of-land-in-the-new-administrative-capital-sold","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/70-of-land-in-the-new-administrative-capital-sold\/","title":{"rendered":"70% of land in the New Administrative Capital sold"},"content":{"rendered":"

70% of land in the first phase of the New Administrative Capital (or 17,000 feddans) has been sold, the New Administrative Capital\u2019s spokesperson Khaled El Hosseiny said during a press conference, according to Ahram Online<\/a>. Most of the developers are Egyptian, Hosseiny said, in an attempt to calm criticisms that major contracts have been granted to the Chinese and government entities. The project is mainly funded through private investment in land sales, he added following a flurry of recent rumors that development of phase one is being funded through the state\u2019s budget.<\/p>\n","protected":false},"excerpt":{"rendered":"

70% of land in the first phase of the New Administrative Capital (or 17,000 feddans) has been sold, the New Administrative Capital\u2019s spokesperson Khaled El Hosseiny said during a press conference, according to Ahram Online. Most of the developers are Egyptian, Hosseiny said, in an attempt to calm criticisms that major contracts have been granted […]<\/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":[9304],"tags":[72,875,83,2402,278],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604584","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-new-administrative-capital","tag-real-estate","tag-real-estate-housing","tag-state-budget","wpautop","entry"],"acf":{"mongo_id":"f2f616a2-a39e-489c-96ce-4234fa5ce002","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"70% of land in the New Administrative Capital sold","related_issue":[604551],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.28c25379-e669-47e4-b8aa-5c7b438cd5d3.mp3"},"yoast_head":"\n70% of land in the New Administrative Capital sold - 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\/2018\/12\/06\/70-of-land-in-the-new-administrative-capital-sold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"70% of land in the New Administrative Capital sold\" \/>\n<meta property=\"og:description\" content=\"70% of land in the first phase of the New Administrative Capital (or 17,000 feddans) has been sold, the New Administrative Capital\u2019s spokesperson Khaled El Hosseiny said during a press conference, according to Ahram Online. Most of the developers are Egyptian, Hosseiny said, in an attempt to calm criticisms that major contracts have been granted […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/70-of-land-in-the-new-administrative-capital-sold\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-06T04:03:10+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/70-of-land-in-the-new-administrative-capital-sold\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/70-of-land-in-the-new-administrative-capital-sold\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"70% of land in the New Administrative Capital sold\",\"datePublished\":\"2018-12-06T04:03:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/70-of-land-in-the-new-administrative-capital-sold\/\"},\"wordCount\":100,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"new administrative capital\",\"real estate\",\"Real Estate + Housing\",\"state budget\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/70-of-land-in-the-new-administrative-capital-sold\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/70-of-land-in-the-new-administrative-capital-sold\/\",\"name\":\"70% of land in the New Administrative Capital sold - 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NACCUD has so far concluded 196 contracts for schools, universities, sports clubs,\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":637851,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/","url_meta":{"origin":604584,"position":1},"title":"3,500 acres sold to developers in new administrative capital","author":"enterpriseam admin","date":"27 November 2017","format":false,"excerpt":"The New Administrative Capital Company for Urban Development sold 3,500 acres of land to real estate developers for the first phase development of the new administrative capital, Daily News Egypt reports. The land sold will be used for residential projects, commercial and office blocks. The company, which manages development on\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":567214,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/naccud-to-increase-land-prices-by-up-to-20-this-year\/","url_meta":{"origin":604584,"position":2},"title":"NACCUD to increase land prices by up to 20% this year","author":"enterpriseam admin","date":"15 January 2020","format":false,"excerpt":"The New Administrative Capital Company for Urban Development (NACCUD) will raise land prices in the new capital by up to 20% this year, NACCUD spokesman Khaled El Husseini tells Al Masry Al Youm. The land price increase will be determined by specialized pricing committees. NACCUD intends to sell the remaining\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":572672,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/naccud-signs-land-sale-agreements-in-new-capital-with-12-companies\/","url_meta":{"origin":604584,"position":3},"title":"NACCUD signs land sale agreements in new capital with 12 companies","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"The New Administrative Capital Company for Urban Development (NACCUD) has signed land sale agreements with 12 local companies in the new capital, company head Ahmed Zaki Abdeen said, according to Hapi Journal. The sales come after NACCUD reduced the required down payment to 10% of each land plot\u2019s total value,\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":647658,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/secon-purchases-70-feddans-in-new-administrative-capital\/","url_meta":{"origin":604584,"position":4},"title":"SECON purchases 70 feddans in New Administrative Capital","author":"enterpriseam admin","date":"16 May 2017","format":false,"excerpt":"The Saudi Egyptian Construction Company (SECON) purchased 70 feddans in the New Administrative Capital, Al Ahram reports. SECON CEO Darwish Hassanein said the company will use the land to develop residential, commercial and office space.","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":651120,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/05\/housing-ministry-to-issue-terms-and-conditions-for-bidding-on-land-in-new-capital-next-week\/","url_meta":{"origin":604584,"position":5},"title":"Housing Ministry to issue terms and conditions for bidding on land in new capital next week","author":"enterpriseam admin","date":"5 February 2017","format":false,"excerpt":"The Housing Ministry will be issuing the terms and conditions for bidding on land in the new administrative capital on 12 February, Housing Minister Mustafa Madbouly said, according to Al Borsa. 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