The New Urban Communities Authority's real estate committee held a public auction on September 30, 2026, at the 10th of Ramadan city development headquarters, resulting in the sale of 12 commercial units in various city markets. The units, with areas ranging from 14m² to 59m², were sold for a total of over EGP 20 million. This move aims to complete the development of the 10th of Ramadan city and provide services that meet the needs of its residents.
The sale of these commercial units aligns with the Egyptian government's efforts to accelerate the operation of housing projects in new cities while providing necessary commercial services to residents. This initiative follows directives from Randa El-Manshawey, Minister of Housing, Utilities, and Urban Communities, to expedite the operation of housing projects in new cities. The government's goal is to provide a range of services and activities that cater to the needs of residents in these cities.
According to Dr. Walid Abbas, Deputy Minister of Housing for Urban Communities, providing commercial and service activities is crucial to completing the development of new cities. This helps meet residents' needs, encourages them to stay, and supports the sustainability of new urban communities. The government's focus on providing these services is essential to ensuring the long-term viability of these cities.
Dr. Ahmed Amara, Supervisor of the Real Estate and Commercial Sector at the New Urban Communities Authority, stated that commercial and service units are made available based on the needs of each city and their occupancy rates. The authority adheres to regulations governing public auctions to ensure the integrity of procedures, maximize asset utilization, and provide new investment opportunities.
The public auction was attended by representatives from the State Council, the New Urban Communities Authority, the Ministry of Finance, and the Urban Planning Police, as well as officials from the 10th of Ramadan city development headquarters. The event was conducted in accordance with the legal and financial regulations governing public auctions.
Eng. Alaa Abdel Lah Mustafa, Head of the 10th of Ramadan city development headquarters, emphasized that the authority will continue to provide commercial and service opportunities in various areas of the city, based on residents' needs and development rates. This aims to provide necessary services and activities, supporting the completion of integrated development in the 10th of Ramadan city.
The New Urban Communities Authority's efforts to provide commercial and service units reflect its commitment to supporting the development of new cities in Egypt. By offering these opportunities, the authority aims to create a more sustainable and attractive living environment for residents, while also promoting economic growth and investment in these cities.
Key points
- The New Urban Communities Authority sold 12 commercial units for EGP 20 million in a public auction held on September 30, 2026.
- The sale aims to complete the development of the 10th of Ramadan city and provide services that meet the needs of its residents.
- The authority will continue to provide commercial and service opportunities in various areas of the city, based on residents' needs and development rates.
