ACUD sets EGP 55bn investment target for 2025 to drive growth, innovation
The Administrative Capital for Urban Development (ACUD) has announced an ambitious investment target of EGP 55bn for 2025, aiming to accelerate major projects, enhance infrastructure, and expand smart services in Egypt's New Administrative Capital.
Khaled Abbas, Chairperson of ACUD, emphasized the company's ongoing growth across multiple sectors, highlighting that the new investments will prioritize the completion of residential and commercial developments, the expansion of service areas, and the enhancement of smart infrastructure and essential utilities.
As part of its broader strategy, ACUD has also launched a new initiative to support and sponsor startups offering innovative real estate solutions. This initiative, part of the company's corporate social responsibility program, aims to foster a dynamic business environment and enhance real estate services.
The announcement was made during a meeting of the Real Estate Development and Contracting Committee at the Egyptian Businessmen's Association.
In 2024, ACUD recorded EGP 27bn in profits, bringing its cumulative earnings since inception to EGP 55bn. Established in April 2016, ACUD is an Egyptian joint-stock company responsible for developing and managing the New Administrative Capital, a landmark national project. Governed by Investment Law No. 8 of 1997, the company has a paid-in capital of EGP 44.6bn and reported pre-tax profits of EGP 19.8bn in 2022, with total assets reaching EGP 255bn.
Located 60 km east of Cairo, the 230,000-feddan New Administrative Capital is designed to accommodate 8.5 million residents, alleviating congestion in Cairo while boosting investment opportunities. As Egypt's first fourth-generation smart city, the capital integrates cutting-edge technology, with ACUD collaborating with global firms to enhance sustainability and smart infrastructure.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Egypt Today
11 hours ago
- Egypt Today
India plans to import fruits, fertilizers, manufactured goods from Egypt: Indian ambassador.
Indian ambassador Suresh K. Reddy CAIRO - 9 June 2025: India looks forward to boosting Egyptian exports to the Indian market, including citrus fruits, lemons, fertilizers, manufactured goods, and many other products, ambassador Suresh K. Reddy said Sunday. In an interview with Cairo News T.V. Channel, the Indian ambassador to Cairo said India has already invested more than $4 billion in Egypt, and Indian companies have contributed to creating more than 38,000 job opportunities. Reddy highlighted that India has become the fourth largest economy in the world and is working on major renewable energy projects. Once completed, Indian investments in Egypt are expected to increase by an additional $10 billion.
Middle East
17 hours ago
- Middle East
OPEN// Egypt, Nigeria FMs discuss economic ties and African security
CAIRO, June 7 (MENA) – Foreign Affairs, Emigration and Expatriates Minister Badr Abdelatty praised the strong ties and historical relationship between Egypt and Nigeria, highlighting a shared commitment to building on existing opportunities to advance cooperation—particularly in economic, trade, and investment sectors, with a focus on agriculture. During a phone call on Saturday with Nigerian Foreign Minister Yusuf Tuggar, Abdelatty pointed to the significant presence of Egyptian companies across Africa and voiced interest in exploring new joint investment opportunities that offer mutual benefit. The two ministers exchanged views on developments across the African continent and discussed ways to deepen cooperation and coordinate positions within the African Union to strengthen peace and security—especially in the Sahel region. Abdelatty reaffirmed Egypt's readiness to support efforts to counter terrorism and extremism in light of security threats in the Sahel. He also emphasized Egypt's commitment to supporting Nigeria through capacity-building programs, including cooperation with Al-Azhar in combating extremist ideologies. The conversation also included an exchange of perspectives on Middle East developments, particularly the situation in Gaza. Abdelatty briefed his Nigerian counterpart on Egypt's ongoing efforts to broker a ceasefire and ensure the delivery of humanitarian aid, while condemning Israel's continued violations of international law and international humanitarian law and its actions against Palestinian civilians, which he said run counter to global calls for an immediate end to the war and unimpeded humanitarian access. (MENA) R E E/
See - Sada Elbalad
19 hours ago
- See - Sada Elbalad
Palestinian Health Ministry: death toll from Israeli airstrikes on Gaza rose to 21 today
Basant Ahmed The Palestinian Ministry of Health announced that the death toll from Israeli airstrikes on the Gaza Strip has risen to 21 since dawn on Sunday. The Palestinian News Agency, WAFA, quoted the ministry as saying in a statement today, "Eight Palestinians were killed in the raids targeted Jabalia al-Balad, north of the Gaza Strip. Medical crews also recovered the bodies of two martyrs following the occupation's bombing of the Ma'an area, east of Khan Yunis." The United Nations Relief and Works Agency for Palestine Refugees (UNRWA) said yesterday that "the aid distribution model in the Gaza Strip is ineffective and amounts to inviting people to their deaths." read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
