The sources noted that the study, currently being carried
out by the New Urban Communities Authority (NUCA), includes establishing a
branch of the Egyptian Exchange. It also aims to attract major brokerage firms
and open branches of Egypt’s largest banks within the district.
They added that the masterplan and project approval are
expected by early 2026. The initiative is part of the state’s development
strategy to create promising investment opportunities in West Cairo. It
coincides with the upcoming inauguration of the Grand Egyptian Museum and
several real estate projects launched in the area.
According to the sources, the success of the Central
Business District (CBD) in the New Administrative Capital has encouraged NUCA
to replicate the model. A second district is planned near the existing CBD in
the capital, while West Cairo has been included in the plan to leverage the
area’s ongoing urban growth.