Egypt offering 4 land plots in New Mansoura for property investment

Egypt’s New Urban Communities Authority (NUCA), an agency under Ministry of Housing, announced on Sunday offering four land plots in New Mansoura City for some real estate companies.

The land plots are with spaces ranging between 50 feddans and 150 feddans, according to NUCA’s deputy chairman Abdel Mottaleb Emara.

In August 2017, Egyptian President Abdel Fattah al-Sisi issued a decree to establish a new city in Mansoura, 128km (79.5 miles) north of Cairo in the Nile Delta.

The decree approved the re-allocation of 5,104 feddans or 21.4 million square metres of the state-owned lands to the New Urban Communities Authority to be used in establishing a new urban community, the New Mansoura City.

New Mansoura is expected to have more than 150,000 housing units for around 680,000 citizens. The city is set to include touristic housing, villas, and medium-income and social housing as well as regional university and technological industrial development zones.