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Cabinet unveils NUCA's approval for companies to allocate lands in US dollars

The Cabinet announced the New Urban Communities Authority’s approval for allocating certain plots of land to a number of companies under the sale system in US dollars

Updated 4/9/2025 3:59:00 AM
NUCA sells lands worth $2.5B in 7 months

The New Urban Communities Authority (NUCA) has raised $2.5 billion from selling lands during the first seven months of 2023, NUCA’s Vice President Walid Abbas said.

Updated 9/7/2023 8:34:00 AM
NUCA offers land to foreign investors for purchases in US dollars

The Minister of Housing, Utilities, and Urban Communities, Assem El-Gazzar, announced the details of new measures allowing companies outside Egypt to buy land in new cities and pay in US dollars, according to an official statement on December 29th. The new measures allow companies co-founded by a foreign partner to apply for the allocation of land offered by the New Urban Communities Authorities (NUCA) based on a set of regulations.

Updated 2/6/2023 10:18:00 PM