{"id":632057,"date":"2018-02-01T04:23:50","date_gmt":"2018-02-01T04:23:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/"},"modified":"2018-02-01T04:23:50","modified_gmt":"2018-02-01T04:23:50","slug":"hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/","title":{"rendered":"HDB and NUCA establish EGP 1.3 bn real estate development company"},"content":{"rendered":"

<\/a> Urban planning authority now competes in sector it is supposed to regulate: <\/strong>The New Urban Communities Authority (NUCA) and the Housing and Development Bank (HDB) have joined forces to launch a EGP 1.3 bn real estate development outfit, Housing Minister Mostafa Madbouly announced yesterday, Al Shorouk reports<\/a> NUCA holds 60% of City Edge, while HDB holds 38%, and the Holding Company for Development holds 2%. The company will launch operations with two developments in Six October City and neighboring Sheikh Zayed worth a combined EGP 5.5 bn. Construction is set to start in the first or second quarters of 2018. No conflict of interest to see here, folks. Move along.<\/p>\n","protected":false},"excerpt":{"rendered":"

Urban planning authority now competes in sector it is supposed to regulate: The New Urban Communities Authority (NUCA) and the Housing and Development Bank (HDB) have joined forces to launch a EGP 1.3 bn real estate development outfit, Housing Minister Mostafa Madbouly announced yesterday, Al Shorouk reports NUCA holds 60% of City Edge, while HDB […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632057","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7f1ce66d-3830-49ad-b924-544cbe96abca","order":"0","is_powered_by":true,"section_story_id":"ff98ed84-a714-4ce4-8b37-26312fd3418a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632043],"teaser":"","voice_url":""},"yoast_head":"\nHDB and NUCA establish EGP 1.3 bn real estate development company - 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\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HDB and NUCA establish EGP 1.3 bn real estate development company\" \/>\n<meta property=\"og:description\" content=\"Urban planning authority now competes in sector it is supposed to regulate: The New Urban Communities Authority (NUCA) and the Housing and Development Bank (HDB) have joined forces to launch a EGP 1.3 bn real estate development outfit, Housing Minister Mostafa Madbouly announced yesterday, Al Shorouk reports NUCA holds 60% of City Edge, while HDB […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-01T04:23:50+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\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"HDB and NUCA establish EGP 1.3 bn real estate development company\",\"datePublished\":\"2018-02-01T04:23:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/\"},\"wordCount\":114,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/\",\"name\":\"HDB and NUCA establish EGP 1.3 bn real estate development company - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-02-01T04:23:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HDB and NUCA establish EGP 1.3 bn real estate development company\"}]},{\"@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":"HDB and NUCA establish EGP 1.3 bn real estate development company - 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\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/","og_locale":"en_US","og_type":"article","og_title":"HDB and NUCA establish EGP 1.3 bn real estate development company","og_description":"Urban planning authority now competes in sector it is supposed to regulate: The New Urban Communities Authority (NUCA) and the Housing and Development Bank (HDB) have joined forces to launch a EGP 1.3 bn real estate development outfit, Housing Minister Mostafa Madbouly announced yesterday, Al Shorouk reports NUCA holds 60% of City Edge, while HDB […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-02-01T04:23:50+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\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"HDB and NUCA establish EGP 1.3 bn real estate development company","datePublished":"2018-02-01T04:23:50+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/"},"wordCount":114,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/","name":"HDB and NUCA establish EGP 1.3 bn real estate development company - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-02-01T04:23:50+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/01\/hdb-and-nuca-establish-egp-1-3-bn-real-estate-development-company\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"HDB and NUCA establish EGP 1.3 bn real estate development company"}]},{"@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":593833,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/10\/nuca-offers-land-plots-worth-egp-35-5-bn-to-investors\/","url_meta":{"origin":632057,"position":0},"title":"NUCA offers land plots worth EGP 35.5 bn to investors","author":"enterpriseam admin","date":"10 October 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has tendered 26 mixed-use land plots worth EGP 35.5 bn in Sixth of October, Sheikh Zayed, New Cairo, and El Shorouk and Sadat cities under a new land tender mechanism, Housing Ministry sources told the press. In related news: NUCA has granted Al Arabia\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":573177,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/22\/nuca-closes-egp-10-bn-securitized-bond-issuance\/","url_meta":{"origin":632057,"position":1},"title":"NUCA closes EGP 10 bn securitized bond issuance","author":"enterpriseam admin","date":"22 July 2020","format":false,"excerpt":"DEBT WATCH- NUCA closes EGP 10 bn securitized bond offering: The New Urban Communities Authority has closed its three-tranche, EGP 10 bn securitized bond issuance, Al Mal reports. The issuance was the largest of its kind in Egypt; proceeds are earmarked to finance development of new urban areas including the\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593336,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/25\/nuca-to-issue-egp-10-bn-securitized-bonds-in-2h-2019-2020\/","url_meta":{"origin":632057,"position":2},"title":"NUCA to issue EGP 10 bn securitized bonds in 2H 2019-2020","author":"enterpriseam admin","date":"25 November 2019","format":false,"excerpt":"DEBT WATCH- NUCA moving to issue another EGP 10 bn in securitized bonds to fund new cities: The New Urban Communities Authority (NUCA) is planning to securitize up to EGP 10 bn of receivables from partnered private sector real estate developers in the second half of its current fiscal year\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575247,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/07\/city-edge-to-launch-specialized-arms-for-development-projects\/","url_meta":{"origin":632057,"position":3},"title":"City Edge to launch specialized arms for development projects","author":"enterpriseam admin","date":"7 October 2020","format":false,"excerpt":"City Edge to launch specialized arms for development projects: City Edge is looking to set up several subsidiaries focused on the group\u2019s separate development activities like hotel construction and management within the coming three years, City Edge chairman Ashraf Salman said during a conference, according to Hapi Journal. The New\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593298,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/nuca-almanar-partner-on-greenland-compound-in-sixth-of-october\/","url_meta":{"origin":632057,"position":4},"title":"NUCA, Almanar partner on Greenland compound in Sixth of October","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"The New Urban Communities Authority has signed a partnership agreement with Almanar Urban Development to build a EGP 1.3 bn residential compound in Sixth of October\u2019s Ganoub El Ahyaa area, according to a cabinet statement.","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":573220,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-court-overturns-nuca-decision-to-fine-qatari-diars-east-gate-egp-1-3-bn\/","url_meta":{"origin":632057,"position":5},"title":"Egyptian court overturns NUCA decision to fine Qatari Diar\u2019s East Gate EGP 1.3 bn","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"DISPUTE WATCH- Court overturns NUCA decision to fine Qatari Diar\u2019s East Gate EGP 1.3 bn: The Council of State\u2019s (Maglis El Dawla) administrative court has overturned a decision from the New Urban Communities Authority (NUCA) to hand a EGP 1.3 bn fine to Qatari Diar subsidiary East Gate Developments over\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\/2020\/7\/200.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632057","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=632057"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632057\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/632043"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=632057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=632057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=632057"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=632057"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=632057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}