Egypt’s NUCA Announces Its ‘Urban Oasis’ In Partnership With Private Sector

The New Urban Communities Authority (NUCA) has decided to announce its partnership system of second project ‘ Urban Oasis’ with the Private Sector, within this week after launching the first project on an area of 171 feddan in 6th of October.

Eng. Nabil Abbas, Vice-Chairman of (NUCA), said ‘Urban Oasis’ which located in 6th October City 1100 acres, near to the Alfourosia area, near to 6th October Airport, pointing out that the project locates in an attractive site such as Dahshur and Saqqara which make the project an investment way for many investors.

Abbas added that offering the project in 6th October City will activate the investment movement, reconstructing the city and implementing its plans faster, asserting that (NUCA)’s intention to establish projects with private sector partnership system comes within its strategy plans to convert into real estate developer denying the presence of any doubts from the government.

Abbas has emphasized that there will never be any changes of the units’ prices which will be identified according to the market price.