New Urban Communities Authority

Over the course of forty years, NUCA built 20 new towns and satellite cities across Egypt. Since 2014, it started planning a new batch of 37 fourth-generation towns cities spread over around 167,000 feddans of land, where by 2021 17 were under construction. New Communities not under NUCA's administration: New Galala City == Real estate developer ==

In addition to its city developer role, NUCA acts as a real estate developer where it has recently built and sold over 77,000 for profit housing units such as the Sakan Masr and Dar Masr and Janna projects across Egypt, as well as skyscrapers in Maspero, the New Administrative Capital, and New Alamein. According to a NUCA executive, they account for 28% of its income. In addition to its in-house real estate development, NUCA, along with the Housing and Development Bank which it controls, owns a number of real estate developers: • City Edge Developments (84%) • Hyde Park Developments (78%) • Saudi Egyptian Developers (50%) • Administrative Capital for Urban Development - ACUD (The city developer of the New Administrative Capital, 49%) In 2024, NUCA and the Abu Dhabi Developmental Holding Company (ADQ), a sovereign wealth fund based in the United Arab Emirates, signed a deal for the ADQ to invest $35 billion in developing Ras el-Hekma into a tourist resort. The deal grants ADQ the right to develop 130 million square metres of land, and is the largest foreign investment deal in Egypt's history. == References ==