The Minister stressed the importance of offering investment opportunities in the new cities to maximize resources and revenues for NUCA. He pointed out that the ministry, through the Authority, has provided a variety of mechanisms to offer all types of investment opportunities in new cities, especially Fourth Generation cities, affirming the commitment to having a competitive and diverse real estate product.
During the meeting, the minister reviewed the status of land
plots currently being studied for submission to the NUCA Board of Directors to
be offered to investors. He also reviewed the status of plots already offered,
land allocations made between January and October 2025, and the latest updates
on land offers made on the foreign investment portal for dollar transactions
from abroad during the same period, including the number of applications
received.
The meeting also reviewed the workflow of the Senior
Investors Unit, as well as the status of land and housing unit offerings under
the Maskan and Beit Al-Watan land initiatives and the Your Home in Egypt
housing unit initiative, in addition to internal offerings.
Discussions covered the urban planning vision for the new
cities, addressing the strategic and general plan for the New Suez city and the
plan for the West Ras El Hekma area. Also discussed were the operations of the
Digital Transformation Unit, including governance of procedures, the unified
national number, inventory of occupants (services - residential land), urban
monitoring, and integration with external entities, as well as the efforts and
workflow of the Investment Projects Follow-up Unit between January and October
2025.
The Minister directed officials to develop the work mechanisms of the Planning and Projects Sector, continue following up on all allocations and projects and their implementation rates, and continue offering investment opportunities on various platforms while facilitating procedures for investors.