Egypt’s NUCA auctions land plot for services activity in New Alamein

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.