In a recent press conference, Engineer Khaled Abbas, Chairman of the Board and Managing Director of the Administrative Capital for Urban Development Company, shared the latest developments and targets for the Administrative Capital. Abbas revealed that the upcoming new land offering next week will see only a modest increase of 10 to 12% compared to the last offering. This is excellent news for investors who are looking to invest in the Administrative Capital, as it shows that the city is striving to maintain a fair and transparent pricing policy.
Abbas went on to say that the total value of land offerings in the capital amounts to approximately 220 to 250 billion Egyptian pounds, accounting for about 70% of the first phase. This is a significant milestone, as it demonstrates the city’s commitment to providing ample investment opportunities in the real estate sector. The Administrative Capital is quickly becoming a hub for real estate investments in Egypt, with many investors showing interest in the city’s innovative and sustainable urban development plan.
During the press conference, Abbas also mentioned that Job Master Company has won a tender to restructure job positions within the Administrative Capital Company to align with the city’s development scale. This is an important step towards achieving the city’s targets for the coming period. It shows that the city is serious about creating a sustainable and thriving community that will benefit all its residents and investors alike.
Overall, the press conference highlighted the exciting developments and opportunities that await investors in the Administrative Capital. With a fair and transparent pricing policy, ample investment opportunities, and a commitment to sustainable development, the city is well-positioned to become a leading real estate hub in the region.
