Cooperation protocol to use 1mn-square-meter land on Cairo-Suez road

Minister of Public Business Sector Hisham Tawfiq and Housing Minister Assem el Gazzar witnessed Thursday the inking of a cooperation protocol between the Metallurgical industries Co. and the New Urban Communities Authority (NUCA) to build residential areas on a land lot measuring one million square meters on Cairo-Suez road.

The NUCA will outline a detailed plan of how to use the area and extend utilities, the Ministry of Public Business Sector said in a statement.

Under the protocol the NUCA will pay 50 percent of the selling value of the land to the Metallurgical industries Co.

Source: State Information Service Egypt