Dr. Hassan El-Shorbagi, Vice President of the New Urban Communities Authority (NUCA), and Dr. Mohaseb Mohamed Abdel Hamid, Head of the Central Administration, visited New Minya City to oversee real estate transactions and land and housing unit sales. The visit also aimed to monitor the implementation of customer facilitation measures. The visit was attended by Eng. Ahmed Mostafa and several officials from the authority. This inspection comes as part of the directives of the Minister of Housing to follow up on projects and administrative procedures and optimize resource utilization in new cities.
During the visit, the head of the New Minya City Authority announced the sale of land plots worth $38 million and EGP 900 million in the current fiscal year. Additionally, housing units under the “Sakan Misr” project were sold for nearly EGP 400 million. Commercial stores and land plots within the “Bait Al-Watan” project were also sold in U.S. dollars.
Dr. Hassan El-Shorbagi emphasized the importance of attracting investments and removing administrative obstacles while adhering to legal procedures to inform investors of the authority’s decisions. He also stressed the necessity of collecting outstanding reservation fees and delay penalties within the specified deadlines.
