Engineer Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, announced the offering of distinct investment opportunities in New Obour City through the electronic Investor Services Portal of the New Urban Communities Authority. This offering falls within the Ministry’s endeavors to promote the offering of investment lands in new cities, contributing to supporting comprehensive development efforts and urban expansion.
El-Sherbiny pointed out that applications for lands are submitted electronically via the designated link on the Investor Services Portal, where investors can view all details and conditions related to the offering and application.
The application opportunity is open until November 15 of this year, in line with the state’s direction towards digital transformation by simplifying procedures and leveraging technology to facilitate services for investors, moving away from traditional paper-based transactions.
El-Sherbiny clarified the importance of expanding the scope of investment and service activities in new cities, alongside enhancing educational, commercial, administrative, and medical services. This supports the standing of these cities and attracts serious investments that contribute to accelerating the pace of development and achieving the goals of Egypt’s Vision for sustainable development.
In the same context, Engineer Mahmoud Mourad, Head of the New Obour City Development Authority, explained that the current offering includes a number of investment lands with prime locations. These lands include plot number (38) in the Regional Services area with an area of 63,732 square meters designated for educational activity (a university), located on the Cairo/Ismailia Desert Road.
The offering also includes plot number (6A) with an area of 8,928 square meters for commercial activity, and plot number (50A) with an area of 8,055 square meters for commercial-administrative activity, both also on the Cairo/Ismailia Desert Road.
Additionally, plot number (108) with an area of 1,716 square meters for commercial-administrative activity in District 39, and another plot number (158) with an area of 1,876 square meters designated for medical activity in the same district, have been offered.
To follow the latest official offerings and browse thousands of residential properties in various cities, visit the Official Egyptian Real Estate Platform — your secure destination for finding a suitable unit for you and your family. You can learn more about the features of Blu Vert, New Administrative Capital.