Egypt’s New Urban Community Authority (NUCA), an agency under Ministry of Housing, has launched on Wednesday one land plot for auction in New Alamein City, be used for a services activity.
Spanning over 4,397 square metres, the land plot is with target revenues worth around 20 million Egyptian pounds ($1.2 million).
In March 2018, Egypt’s President Abdel Fattah al-Sisi inaugurated New Alamein City, northwest of Cairo, on a space of 48,000 feddans, at a cost estimated at 2 billion Egyptian pounds ($125.1 million).
New Alamein is one of the fourth generation cities being built in Egypt in some of the most up-to-date architectural styles, and is scheduled to be finalised in one-year timeframe.
The city is planned to have universities and schools as well as various services and tourist activities. It is expected to accommodate 400,000 populations.