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The Egyptian Administrative Capital is preparing to receive state employees in June
The New Administrative Capital is preparing to receive government employees, who will be transferred to it in June.
Major General Ahmed Zaki Abdeen, head of the Administrative Capital for Urban Development, said in a special statement forone of the economic newspapers in Egypt that the headquarters and offices are being furnished and the interior equipment of the buildings finished.
Government employees will be transferred to their headquarters in the Administrative Capital at the beginning of next June.
75% of the lands of the first phase suitable for sale were sold during the last period, as the areas sold from the first phase amounted to 18 thousand acres out of a total of 24 thousand acres that were offered.
The sale of the lands of the first phase is expected to be completed by 2024, as the "Administrative Capital" aims to sell large areas of land during 2021.
And the second phase, the proposals of the new administrative capital, has now entered into scrutiny and the preparation of the general urban plan for it.
Analysts expect the sale of land and headquarters to increase as the government and parliament move to the capital.
Abdeen indicated that the government and parliament will move to their headquarters in the capital at the beginning of next June, and said that the banks will move in succession according to the vision of each bank and finish the equipment of its headquarters.
The first phase, which has been announced and implemented, includes 10 residential neighborhoods, the City of Culture and Arts, the Governmental District, Parliament, the Sheikhs District, the Presidency District, the Banks District, the Diplomatic Quarter, and a number of buildings, mosques and churches.
The construction of the Administrative Capital contributed significantly to the revival of the real estate market and all activities associated with it, especially since the growth in the real estate sector is seasonal, and it is more popular in the summer seasons and coinciding with the return of expatriates abroad.
Some places are witnessing a boom in sales and have not been affected by any repercussions from Corona, most notably the downtown area in the capital, "Downtown", which witnessed very high rates of sale.
The number of plots of land in Downtown reaches 510 plots, which include 40 buildings with 1,320 units, and more than 40% of them have been sold, with an average of two plots of land per week, which is a very high rate.
Post je objavljen 29.03.2021. u 12:52 sati.