Last Update 20:27
Friday, 19 July 2019

Egypt housing body plans $3.4 billion projects

Two tourism projects and an equestrian centre to be built outside of Cairo

Reuters, Wednesday 19 Jan 2011
Views: 906
Views: 906

The Egyptian government's New Urban Communities Authority (NUCA) said it will launch real estate investment projects worth LE20 billion Egyptian near Cairo, a newspaper said on Wednesday.

"The New Urban Communities Authority is offering a number of investment projects in Sixth of October City worth LE20 billion," al-Ahram newspaper said, citing an official at NUCA.

The newspaper cited the official as saying all the projects would be allocated via public auctions or closed bidding rounds.

The investments would include two tourism projects worth LE14 billion and an international equestrian centre worth LE4.5 billion, the paper said.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.