Shop for Sale in OIA - New Capital By Edge Holding

The Egyptian government recently launched a national project aimed at building a new administrative capital for the country. The project, named the New Administrative Capital, is expected to house the headquarters of various government ministries, as well as other important facilities and institutions.

One of the key developments in this project is the establishment of the New Urban Communities Authority (NUCA), a new government agency responsible for the planning and development of the new city.

As part of its mandate, NUCA has established a public-private partnership with the OIA group, a leading developer and investor in the Middle East. Under this partnership, OIA has committed to investing $20 billion in the development of the New Capital over the next decade.

The OIA-New Capital project is one of the largest infrastructure projects in Egypt's history, and is expected to create thousands of new jobs and provide significant economic opportunities for the country.

As part of the project, OIA will be responsible for the construction of a range of important facilities and infrastructure, including the new central business district, government offices, luxury residential areas, and a range of public amenities.

The project has been praised by many experts as a major effort to modernize and streamline the country's governance and public services. The new city is expected to help ease overcrowding in Egypt's current capital, Cairo, which suffers from traffic congestion, pollution, and other urban challenges.

While the OIA-New Capital project has faced some criticism from environmental and social groups, the government has emphasized that it is committed to ensuring that the project is developed in a sustainable and responsible manner.

Overall, the OIA-New Capital project represents a major investment in Egypt's future, and is expected to play a key role in the country's ongoing economic development and modernization efforts. As the project continues to progress, it will be interesting to watch how it will impact the lives and livelihoods of ordinary Egyptians, and whether it will meet its ambitious goals and expectations.