ACUD to invest EGP 60B in 2024: Chairman

Updated 12/18/2023 2:01:00 PM
ACUD to invest EGP 60B in 2024: Chairman

Arab Finance: The Administrative Capital for Urban Development (ACUD) is set to invest EGP 60 billion in 2024 to accelerate the construction and infrastructure development works, ACUD’s Chairman Khaled Abbas told Asharq Business.

This investment represents a 50% surge as compared to last year and around 10% higher than in 2023, Abbas noted.

Abbas said that the implementation of the second phase of the New Administrative Capital (NAC) would start by the second half (H1) of the coming year.

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