Engineer Sherif El-Sherbini, Minister of Housing, Utilities, and Urban Communities, announced a significant investment opportunity in New Cairo. The ministry is offering a 79-acre plot of land in the Sixth Settlement area. The land is owned by the Social Housing and Mortgage Finance Support Fund, while the New Urban Communities Authority (NUCA) will oversee the procedures for offering, awarding, and contracting.
Mai Abdel Hamid, CEO of the Fund, stated that this initiative comes in line with presidential directives to maximize the benefits of the state’s real estate assets. The aim is to support the provision of housing units for low- and middle-income citizens under the presidential initiative “Housing for All Egyptians.” She also highlighted that cooperation with real estate developers helps diversify funding sources and generate sustainable economic returns.
The designated plot of land, numbered 9/3-AP, is allocated for the establishment of an integrated urban community that includes residential and service areas. It enjoys a strategic location near the Ring Road and the Katameya–Ain Sokhna Road, adjacent to major projects in New Cairo.
The offering includes several conditions, including payment of an EGP 50 million booking deposit by September 15, in addition to an advance payment of EGP 200 million to be settled within three months from the date of investor approval. The project is expected to be completed within seven years, in accordance with Egyptian building codes, civil defense standards, and height restrictions.
Engineer Kamal Bahgat, Deputy CEO of the Fund, confirmed that applications must be submitted manually at the NUCA headquarters using the official terms booklet. Submissions must include two sealed envelopes—one technical and one financial—while investors are allowed to withdraw within one business day after the final submission deadline.
To explore the latest official offerings and browse thousands of residential properties across various cities, visit the Official Egyptian Real Estate Platform — your safe destination for finding the perfect home for you and your family.