Assem Al-Gazzar, the Minister of Housing, Utilities and Urban Communities, announced some facilities and amendments for service, investment, urban and industrial lands in new cities.
Al-Gazzar said that these facilities are part of the New Urban Communities Authority’s (NUCA) efforts to support and encourage investors in mixed-use and industrial projects in new cities, with the approval of the NUCA’s Board of Directors.
The Minister of Housing explained that the facilities include no external service fees for hotel and university properties if they are part of integrated urban projects. Moreover, industrial developers can plan and divide industrial plots of land up to 75% of the total project area, as long as the remaining 25% is allocated for roads, spaces, green areas, and services.
Investors should also follow the general rules and conditions, such as maintaining the integrity of the plots of land, avoiding any conflicts with contracts signed with customers, if any.
Additionally, investors should provide parking spaces according to the Egyptian Code for Garages and its amendments within the plot of land, waive any lawsuits before receiving these facilities, and obtain the necessary approvals from the relevant authorities.
