The Egyptian Ministry of Housing's Urban Communities Authority recently held public auctions in two new cities, Aswan and Hadayek Al-Capital, to allocate commercial units, pharmacies, and administrative and professional units. This move is part of the ministry's plan to complete integrated development in new cities by providing services and commercial activities that meet residents' needs. The auctions aim to encourage the operation of projects, increase occupancy rates, and improve service levels and quality of life.
Dr. Walid Abbas, Deputy Minister of Housing for Urban Communities, emphasized that providing commercial and service activities is a key aspect of the ministry's plan. This approach directly addresses residents' needs, encourages actual residence in new cities, and supports their urban, economic, and social sustainability. The ministry's efforts focus on ensuring that new cities offer a comprehensive range of services.
Dr. Ahmed Amr, Supervisor of the Real Estate and Commercial Sector at the Urban Communities Authority, stated that the authority continues to expand its offerings of commercial and service activities in various new cities. This expansion is based on each city's needs and occupancy rates, while adhering to regulations governing public auctions. The goal is to ensure transparent procedures, maximize asset utilization, and support investment opportunities and service provision in new cities.
The auctions were attended by representatives from the State Council, Urban Communities Authority, Ministry of Finance, and police, as well as officials from the Aswan and Hadayek Al-Capital city development agencies. This ensured that procedures were conducted safely and in accordance with legal and financial regulations. The presence of multiple stakeholders guaranteed the integrity and transparency of the auctions.
In Aswan, the auction resulted in the allocation of 10 commercial units, one pharmacy, and three administrative and professional units. These allocations will enhance the services and commercial activities available to city residents, addressing their needs and improving their quality of life. The addition of these units is expected to support the city's development and growth.
Similarly, in Hadayek Al-Capital, the auction led to the allocation of six commercial units and a kiosk for citizen services at the city development agency's headquarters. These allocations will provide necessary services and activities for residents, aligning with ongoing development and project implementation in the city's residential areas.
The successful auctions demonstrate the ongoing efforts of the Ministry of Housing and Urban Communities Authority to provide diverse activities and services in new cities. By offering investment and commercial opportunities tailored to each city's needs, the ministry aims to achieve integrated development and meet residents' needs, keeping pace with urban expansion and development rates.
Key points
- The Egyptian Ministry of Housing allocated commercial units, pharmacies, and administrative and professional units in Aswan and Hadayek Al-Capital cities via public auction.
- The auctions aimed to support integrated development in new cities by providing services and commercial activities that meet residents' needs.
- The allocations will enhance services, support project operation, and improve quality of life in the new cities.
