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English news

13-Feb-2017

74 investors pick up bidding documents for land on first day

The New Capital City has sold bidding documents for 74 potential investors for land plots with a total area of 1,500 feddans, on the first day they were made public (available through 16 February). Land plots amount to 15, according to Mohamed Abdel Latif, CEO of New Capital City. Land areas of available land plots are: 50, 70, 100, 200 and 500 feddan. These will be developed into mixed-use projects. Payments will be made over three to seven years, with a maximum construction period of three to five years, likely depending on land plot size. (Al Borsa) 

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