Activity at new administrative city is set to gain momentum
The Board of Directors of the new administrative city has convened on Sunday to discuss a number of topics including: i) the organisational structure of the company; ii) land tendering mechanisms; and iii) progress made at infrastructure works. The company is set to start to approach Egyptian and Arab investors for potential investments, whereby 30,000 acres of land will be offered as part of phase one of the project. (Al Borsa)
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