UDC's CEO stated that under the contract, the value of the land will be paid in foreign currency, with a total investment of more than EGP 60 billion, and open doors for job opportunities
The MoU aims to boost cooperation in the development of sustainable cities and infrastructure in Egypt by establishing a joint working group
NUCA previously received several requests from Arab and foreign investors to purchase state-owned land in USD, according to a cabinet statement, however, did not disclose which companies were looking to purchase and for how much.
