The Administrative Capital for Urban Development (ACUD) is ready to go public on the Egyptian Exchange (EGX), but the decision rests with the company's owners.

The New Urban Communities Authority (NUCA) and a consortium comprised China State Construction Engineering Corporation’s (CSCEC) umi and IGI Developments signed the management and operation of the Central Business District (CBD) in Egypt’s New Administrative Capital.

Türkiye-based industrial developer Polaris Parks is planning to set up two industrial zones in Egypt; one in the New Administrative Capital (NAC) and the other in the 6th of October City.

Prime Minister Mostafa Madbouly chaired a high-level meeting to discuss a potential partnership with a leading global alliance for managing the Cairo International Financial Center (CIFIC) in the New Administrative Capital, as per a statement.

Misr Italia Properties is planning to invest EGP 15 billion within six years to add 982 hotel rooms and set up a hospitality unit in the North Coast, the New Administrative Capital, New Cairo, and Ain Sokhna.

MODAD Company has launched its first and latest project in the financial and administrative district of the New Administrative Capital.

The Administrative Capital for Urban Development (ACUD) is set to invest EGP 60 billion in 2024 to accelerate the construction and infrastructure development works.

The Administrative Capital for Urban Development (ACUD) is planning to start building the second phase of the New Administrative Capital (NAC) within the second quarter (Q2), or the third one at the latest, of 2024, ACUD’s Chairman Khaled Abbas said.