The Administrative Capital for Urban Development (ACUD) has provided new facilities for real estate developers in the New Administrative Capital.

The Administrative Capital for Urban Development (ACUD), the General Authority for Investment and Free Zones (GAFI), and the UAE-based DP World have signed a memorandum of understanding (MoU) to study the possibility of developing a public free zone.

The Administrative Capital for Urban Development’s (ACUD) profits before tax are expected to increase by up to 25% in 2024 from EGP 27 billion in 2023.

The value of the Egyptian state-owned Administrative Capital for Urban Development Company’s (ACUD) assets has reached EGP 1 trillion so far, driving the country’s economy.

Egyptian state-owned Administrative Capital for Urban Development (ACUD) Company or one of its subsidiaries is expected to be listed on the Egyptian Exchange (EGX) in 2025.

The Administrative Capital for Urban Development (ACUD) has postponed hiring a financial advisor for its anticipated initial public offering (IPO) until the fourth quarter (Q4) of 2024, Chairman Khaled Abbas revealed.

The Administrative Capital for Urban Development (ACUD) has sealed an international memorandum of understanding (MoU) with Dongba Town in Beijing, China, to exchange expertise, knowledge, modern technology, and management to serve the diplomatic district in the New Administrative Capital (NAC) and the fourth embassy area in Beijing,

The Administrative Capital for Urban Development (ACUD) is planning to offer over 30 new land plots for sale to companies before the end of June.

The Administrative Capital for Urban Development (ACUD) is considering establishing 5,000 residential units across several areas in the New Administrative Capital (NAC), the firm’s Chairman Khaled Abbas said.

The Administrative Capital for Urban Development (ACUD) will embark on constructing the second phase of the New Administrative Capital (NAC) in early 2025 at a cost of EGP 240 billion.

The Administrative Capital for Urban Development (ACUD) will start the construction of the second phase of the Administrative Capital by early next year at a cost of EGP 240 billion, ACUD’s Chairman Khaled Abbas told Asharq Business.

The Administrative Capital for Urban Development (ACUD) has selected Dar Al-Handasah engineering consortium to design the second, third, and fourth phases of the New Administrative Capital

The Administrative Capital for Urban Development (ACUD) has signed a contract with the German Dorsch Glopal and Egyptian ECG to establish a joint venture (JV) to operate and manage water and sanitation utilities in ACUD.

JOBMASTER is planning to finalize restructuring the Administrative Capital for Urban Development (ACUD) within six to eight months.

The Administrative Capital for Urban Development (ACUD) has inaugurated an innovative customer service center.

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.

The Administrative Capital for Urban Development (ACUD) has signed an agreement with France-based Atos to establish a joint venture (JV) company in the New Administrative Capital (NAC).

Egypt’s Administrative Capital for Urban Development (ACUD) has signed a partnership contract with the UAE-based sustainable solutions provider BEEAH Group to establish a recycling and waste management firm in the New Administrative Capital.

The Administrative Capital for Urban Development (ACUD) has cooperated with JOBMASTER to restructure the former.