The New Urban Communities Authority (NUCA) has sold 125 bidding documents for potential co-developments on 13 land plots with a total land area of 6,753 acres. Plot sizes range between 58 and 2,800 acres, spread over a number of cities, including Sheikh Zayed, Sixth of October, and the North Coast. Closing date for picking up bidding documents will be on 23 September, following which NUCA will be open to receive proposals until 28 September. Among document buyers were Emaar Misr, Madinet Nasr Housing (MNHD), SODIC, and Palm Hills Development (PHD). NUCA is planning on awarding the projects before end of 2017.
 
Nasr City Housing: EGP10.03 as of 07 Sep 2017, Rating: Buy, TP: EGP14.20/share, MCap: USD570mn, MNHD EY/MNHD.CA
SODIC: EGP14.13 as of 07 Sep 2017, Rating: Buy, TP: EGP20.00/share, MCap: USD272mn, OCDI EY/OCDI.CA
Palm Hills: EGP2.99 as of 07 Sep 2017, Rating: Buy, TP: EGP3.63/share, MCap: USD392mn, PHDC EY/PHDC.CA