{"id":620160,"date":"2024-05-16T00:00:00","date_gmt":"2024-05-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/16\/nuca-to-hand-out-plots-to-four-industrial-developers-within-days-plus-news-from-bluev-tmg-and-tabreed\/"},"modified":"2024-05-16T00:00:00","modified_gmt":"2024-05-16T00:00:00","slug":"nuca-to-hand-out-plots-to-four-industrial-developers-within-days-plus-news-from-bluev-tmg-and-tabreed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/16\/nuca-to-hand-out-plots-to-four-industrial-developers-within-days-plus-news-from-bluev-tmg-and-tabreed\/","title":{"rendered":"NUCA to hand out plots to four industrial developers within days. PLUS: News from BluEV, TMG, and Tabreed"},"content":{"rendered":"<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Four industrial developers are getting their hands on land in New 6 October City: <\/strong>The New Urban Communities Authority will within days hand out a total of 4.6 mn-sqm plots in New 6 October City to Elsewedy Industrial Development, Polaris Parks, Arabia Holding, and Samcrete to set up four industrial parks, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/05\/15\/-%D8%A7%D9%84%D9%85%D8%AC%D8%AA%D9%85%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D9%85%D8%B1%D8%A7%D9%86%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D9%84%D9%91%D9%85-4-%D9%85%D8%B7%D9%88%D8%B1%D9%8A%D9%86-%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D9%8A%D9%86-4-5-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%85%D8%AA%D8%B1-%D8%A3%D8%B1%D8%A7%D8%B6-%D8%AE%D9%84%D8%A7%D9%84-%D8%A3%D9%8A%D8%A7%D9%85\" style=\"\" rel=\"noopener\">Al Arabiya Business<\/a> reported, citing sources from the four companies. A second phase will see the four companies double each of their land allocation. Polaris Parks\u2019 General Manager, Bassel Shoirah told the news outlet that the industrial zones are expected to draw USD 9-10 bn worth of investments over the next 6-10 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>We first heard about Elsewedy\u2019s plan to set up its EGP 20 bn industrial park in New 6 October City in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69e5b6a4-8f74-49e1-9b9f-082047c9d771\" style=\"\" rel=\"noopener\">January 2023<\/a>. The company said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/00133e96-15ed-410f-ae04-7ad9a63f212b\" style=\"\" rel=\"noopener\">last month<\/a> it expects to break ground on the project upon receiving its plot. <\/p>\n<p class=\"tag-border-left\">MINING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A fresh gold exploration tender? <\/strong>State-owned Shalateen Mineral Resources Company will launch a gold exploration tender for 5 blocks in Wadi Al Allaqi \u2014 located around 180 km south of Aswan \u2014 for local and international companies in 4Q 2024, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/63745\/%D8%B4%D9%84%D8%A7%D8%AA%D9%8A%D9%86-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B7%D8%B1%D8%AD-%D9%85%D8%B2%D8%A7%D9%8A%D8%AF%D8%A9-%D9%84%D9%84%D8%AA%D9%86%D9%82%D9%8A%D8%A8-%D8%B9%D9%86-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D8%A8%D8%A7%D9%84%D8%B5%D8%AD%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%B4%D8%B1%D9%82%D9%8A%D8%A9-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-2024\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported, citing an unnamed government official. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shalateen\u2019s finalists to be revealed next week: <\/strong>Shalateen will next week announce the chosen bidders in its international gold exploration tender for brownfield sites in the Eastern Desert, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/05\/15\/1792660\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports, citing unnamed sources. The tender has been live for over a year now \u2014 it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/949808ec-6766-4180-9d42-6c14825eba76\" style=\"\" rel=\"noopener\">launched on 10 April, 2023<\/a> \u2014 after its deadline was extended time and time again due to lack of bidders.<\/p>\n<p class=\"tag-border-left\">EVS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E-mobility company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/blu-ev.com\/\" style=\"\" rel=\"noopener\">BluEV<\/a><\/strong><strong> is gearing up to launch its services by the end of the <\/strong><strong>year<\/strong>, starting with areas of Greater Cairo, VP of Corporate Affairs at Orascom Investment Holding (OIH) Manal Abdel Hamid told <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%b4%d8%b1%d9%83%d8%a9-blu-ev-%d8%aa%d8%b3%d8%aa%d9%87%d8%af%d9%81-%d8%a5%d8%aa%d8%a7%d8%ad%d8%a9-%d8%b4%d8%a8%d9%83%d8%a9-%d9%85%d8%ad%d8%b7%d8%a7%d8%aa-%d8%aa%d8%a8%d8%af\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>. The company operates a network of lithium-ion battery swapping stations for two- and three-wheeled electric vehicles, allowing users to replace drained batteries with fully-charged ones. Through the company, users can purchase new light electric vehicles or swap out their petrol engines for batteries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> OIH became a strategic investor in BluEV <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ae4af31-221c-478f-8f30-d41f42bfd18f\" style=\"\" rel=\"noopener\">a year ago<\/a>, after making an undisclosed investment in the startup.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TMG sales more than double YTD:<\/strong> Talaat Moustafa Group (TMG) saw its contractual sales and reservations in the year-to-date surge 153% y-o-y to EGP 86 bn, the real estate giant said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1189.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. A large chunk of the sales came from the company\u2019s debut project in Saudi Arabia, Benban City, which attracted some EGP 11.5 bn since its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8da2ce3-4b0e-4c39-a6e7-8e9d8246e761\" style=\"\" rel=\"noopener\">soft launch<\/a> days ago.<\/p>\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt remains a promising market for the Tabreed <\/strong>\u201cif the local currency continues to stabilize,\u201d the Emirati company\u2019s CFO Adel Salem Al Wahedi told Asharq Business (<a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/63786\/%D8%AA%D8%A8%D8%B1%D9%8A%D8%AF-%D8%AA%D8%AA%D8%AC%D9%87-%D9%84%D8%B7%D8%B1%D8%AD-%D8%B5%D9%83%D9%88%D9%83-%D8%AE%D8%B6%D8%B1%D8%A7%D8%A1-%D9%84%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%AF%D9%8A%D9%88%D9%86-%D8%A8%D9%8012-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-2025\/\" style=\"\" rel=\"noopener\">watch, runtime: 6:40<\/a>). The district cooling firm terminated its MoU with Egyptians for Healthcare Services (EHCS) for the latter\u2019s CapitalMed medical complex in Badr City <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d0aa0a4-a8bb-44bf-af9b-b204c94a7641\" style=\"\" rel=\"noopener\">in January<\/a> due to a lack of a \u201cbusiness case\u201d amid the FX instability before the float, Al Wahedi explained.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NUCA will hand out a total of 4.6 mn-sqm plots in New 6 October City<\/p>\n","protected":false},"author":1,"featured_media":620161,"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":[7209],"tags":[111,6347,8377,72,131,373,83,896,1517],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-620160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-bluev","tag-elsewedy-industrial-development","tag-enterpriseam","tag-manufacturing","tag-mining","tag-real-estate","tag-tabreed","tag-talaat-moustafa-group","wpautop","entry"],"acf":{"mongo_id":"74373364-7f95-4157-9090-67ee1584c341","order":"14","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1275.jpg","photo_position":"above","homepage_title":"","full_issue_title":"NUCA to hand out plots to four industrial developers within days","related_issue":[620136],"teaser":"NUCA will hand out a total of 4.6 mn-sqm plots in New 6 October City","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.7597315e-98bb-47f1-bc54-2bbf33dc4119.mp3"},"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>NUCA to hand out plots to four industrial developers within days. 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The campaign could begin \u201cvery soon,\u201d he said. Taking land back from businesses that have failed to develop plots is nothing\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/82.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593970,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/15\/polaris-parks-signs-four-contracts-for-sadat-city-projects\/","url_meta":{"origin":620160,"position":2},"title":"Polaris Parks signs four contracts for Sadat City projects","author":"enterpriseam admin","date":"15 October 2019","format":false,"excerpt":"Polaris International Industrial Parks has signed contracts with four investors to develop 50k sqm of land in Sadat City, Assistant Manager Bassel Shoeira told the local press. There was no mention of the value of the contracts, but he said that the company will hand over the land plots next\u2026","rel":"","context":"In &quot;Infrastructure&quot;","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":634052,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/03\/three-firms-awarded-industrial-development-allocations-in-sadat-city\/","url_meta":{"origin":620160,"position":3},"title":"Three firms awarded industrial development allocations in Sadat City","author":"enterpriseam admin","date":"3 January 2018","format":false,"excerpt":"Polaris Parks, Elsewedy Electric\u2019s Pyramid Industrial Parks (PIParks) and Construction Products Holding Company (CPC) were awarded contracts for industrial land in Sadat City, Al Borsa reports. The three companies received a total 3.9 mn sqm, with Polaris and PIParks holding 1.4 mn sqm each and CPC receiving 1.1 mn sqm.\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"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":620160,"position":4},"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. 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