NUCA

Egypt: Integrated residential project in eastern Cairo

Palm Hills Development Company, a leading real estate company in Egypt, has signed an agreement with the New Urban Communities Authority (Nuca) to develop an integrated residential project in eastern Cairo on a 500-acre area on a revenue sharing system.

The project, being co-developed with Egypt Ministry of Housing, is likely to attract investments worth over E£35 billion ($4.4 billion), reported the Daily News Egypt, citing the housing minister.