Egypt is currently carrying out 60,000 housing units in the country’s anticipated new administrative city, deputy chairman of state-run Administrative Capital for Urban Development (ACUD) said Sunday.
ACUD is the owner and developer for the new administrative capital in Egypt, which is located 35 kilometres east of Cairo of a total area of 170,000 feddans. The company’s shareholders; New Urban Communities Authority (NUCA), National Service Products Organization (NSPO), and Armed Forces National Lands Projects Agency.
The new capital city will help to strengthen and diversify the country’s economic potential by creating new places to live, work and visit, Mohamed Abdel Latif said at the Builders of Egypt Forum, which took place in Cairo on Sunday.
“The new capital is set to mirror Egypt’s great civilization. It is a national project that does not only target designing a comprehensive urban gathering but also building a cosmopolitan city,” Abdel Latif said.
The company is also implementing several projects, including four tunnels and three bridges in addition to a network of around 300-kilometre roads, with achievement rates exceeding 70 percent, he added.
“Around 400 contracting firms are working on developing the new administrative capital. We are seeking to have built a total of 120,000 housing units there within a year, applying the smart infrastructure systems,” Abdel Latif said.