FINANCIAL NEWS

NUCA Egypt presents new procedures for partnership projects

19 Jan 2016

(MENAFN) The New Urban Communities Authority (NUCA) will propose new events to put forward and award partnership projects with the private sector after the combined investment law.

Furthermore, the new law permits for the offering of investment lands across the single-window at the Ministry of Investment.

Accordingly, new partnership projects will be proclaimed over the one-stop shop, trailing suit with the newest tender for 65 pieces of investment lands of 1,500 acres.

Four deals were signed at a value of USD 16.52bn; two of them were with the alliance of the Egyptian Mountain View, and Saudi Sisaban Holding in New Cairo.

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