Egypt to promote residential units in new capital

Egypt to promote residential units in new capital
The first phase of the New Administrative Capital is set to be completed next year

Cairo - Mubasher: The Egyptian minister of housing, utilities and urban development, Mostafa Madbouli said on Friday that an advertising campaign will be launched next week to promote the sale of housing units in the country’s New Administrative Capital.

The units offered include a variety of areas and models, with different apartments and villas, all of which will be completely finished.

Madbouli recently said that the government agreed on a package of new services for Egyptians living abroad with the minister of emigration and Egyptian expatriate’s affairs, noting that some units in the first residential district in the New Administrative Capital will be allocated for Egyptians abroad.

An office will be specialised in serving citizens in new cities to finalise the services for Egyptians abroad, especially those who reserved in the Beit Al-Watan project, he added.

In October 2016, President Abdel Fattah El-Sisi said that Egypt was aiming to complete the first phase of the New Administrative Capital in 2018, while all phases shall be completed within five to six years.

During the Egypt Economic Development Conference (EEDC) held in March 2015, Egypt had previously announced the establishment of the New Administrative Capital at a cost of around EGP 45 billion to be paid within five to seven years.

Source: Mubasher