Hamdi Ahmad _ The Ministry of Housing, Utilities, and Urban Communities aims to collect approximately $43.706 million (equivalent to EGP 2.36 billion) by offering 51 prime investment opportunities across 10 areas to foreign investment companies.
Hapi reviewed the details of these opportunities through the foreign investment portal, on which the Ministry announced yesterday, Tuesday, the offering of land plots, with applications set to open on November 1.
The investment opportunities are distributed across 10 areas: Shorouk, Obour, New Obour, New Cairo, 10th of Ramadan, Sheikh Zayed, New Alamein, New Borg El Arab, New Damietta, and 6th of October City.
The designated activities for these land plots vary between commercial, administrative, mixed-use urban, medical, and hospitality sectors.
Eng. Randa El Minshawy, Minister of Housing, Utilities, and Urban Communities, had announced the opening of applications for prime investment opportunities for foreign investment companies scheduled for offering in several new cities via the foreign investment website of the New Urban Communities Authority (NUCA), starting November 1, 2026.
El Minshawy clarified that applications will be submitted through payment using dedicated corporate electronic wallets.
She added that this comes within the framework of efforts by the Ministry and NUCA to enhance real estate investment opportunities and streamline application procedures for foreign companies, emphasizing ongoing work to develop the electronic investment opportunity tendering system, thereby contributing to simplifying procedures, promoting transparency, and providing an attractive and stimulating investment environment for foreign companies seeking to invest in new cities.
