Engineer Hisham Talaat Mostafa said that Nour City will be a qualitative leap in the urban development process inside Egypt.
Talaat Mostafa revealed the geographical location of Nour City, which is located in front of the New Administrative Capital, specifically in the East Cairo region, and is the first development center in Egypt, and enjoys a distinct strategic location.
Yesterday, Sunday, June 6, Talaat Moustafa Group was keen to lay the foundation stone for the Al Noor project in the capital’s gardens, where the project is located on an area of 5,000 acres. The project is located on an area of 5,000 acres to be developed in partnership between the group and the Ministry of Housing to establish an integrated urban community in partnership with the New Urban Communities Authority.
The value of the investments of the Noor City project
Hisham Talaat Mostafa revealed that the value of the project’s investments amounted to 500 billion pounds, while 140,000 housing units are being implemented. He pointed out that the taxes that the state will derive from this project alone amount to 110 billion pounds, and come directly and indirectly.
Talaat Mustafa added that all modern systems will be relied upon in infrastructure, transportation and all internet services, and that 4 international offices have been planned for Nour City, most of which are American offices known for their global efficiency and splendor.
He also explained, that the city will be available to all categories, as there will be payment systems for the first time in Egypt, which will reach 15 years.
Source: مصر فايف by misr5.com.
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