Latest news with #ACUD
CairoScene
4 days ago
- Business
- CairoScene
How ACUD Is Quietly Reshaping Egypt's Urban Future
How ACUD Is Quietly Reshaping Egypt's Urban Future The New Capital for Urban Development (ACUD) is charting a course for Egypt's most ambitious urban development project. Away from the dense fabric of Cairo, a new city is taking shape. It has all the trademarks of modern state-building: ministries, high-speed links, entertainment venues, and masterplans thick with ambition. But behind the steel and glass is an entity quietly shaping not just buildings, but perception - both at home and abroad. That entity is the New Capital for Urban Development (ACUD), the owner and master developer of Egypt's New Capital. Founded to deliver on Egypt's vision of a diversified, future-facing economy, ACUD is operating on an increasingly international stage. In the first quarter of 2025 alone, the company has pushed forward on multiple fronts - from global representation at high-profile industry events to strategic memoranda of understanding with regional governments. At MIPIM 2025 in Cannes, one of the real estate industry's most prestigious gatherings, ACUD stood as Egypt's sole representative. This marks its third consecutive year at the summit. Recognition soon followed. ACUD was awarded the 2025 ACE (Acknowledging Contribution & Excellence) Award for its work in shaping Egypt's first sustainable city - a win that positions the New Capital not only as a local solution, but as a case study in urban innovation. That same vision was carried to the Real Estate Future Forum (REFF) in Riyadh, where ACUD took part in high-level regional discussions about smart city frameworks and urban resilience. But perhaps most telling is ACUD's steady expansion of influence across Africa. In Q1, the company signed a Memorandum of Understanding with Zambia, the third such agreement with an African nation following an earlier pact with Zimbabwe and one currently in process with Madagascar. These agreements are part of a broader soft power play: to export Egyptian urban planning expertise and invite local private sector stakeholders to do the same. Add to that a growing Asian footprint - ACUD now counts MoUs with South Korea and China - and the New Capital begins to read less like a national project and more like a transcontinental venture. Back at home, ACUD continues to entrench itself in Egypt's domestic growth narrative. In April, the company showcased its smart city solutions at Bahrain's Social Housing Innovation Exhibition & Conference. It activated a new entertainment strategy in partnership with LNME and TM, launching cultural events headlined by artists like Michael Bublé, Khaled Ghattas and Cairokee, testament to the city's bid for livability and lifestyle appeal. The New Capital is also increasingly framed as a logistical upgrade. In Q1, ACUD ramped up messaging around the city's proximity to Greater Cairo and key transit routes, highlighting improved access and reduced commute times as selling points not just for businesses, but for families and institutions considering relocation. Finally, ACUD bolstered its presence within national economic networks, participating in the Egyptian Businessmen's Association and reinforcing its role as a bridge between public planning and private enterprise. The New Capital is still under construction. But ACUD's Q1 activity suggests it is no longer just building a city, it's building a case. A case for Egypt's relevance in the global real estate conversation. A case for strategic urbanism as soft power. And a case for Cairo's successor not as a replacement, but as a recalibration.
See - Sada Elbalad
02-05-2025
- Business
- See - Sada Elbalad
Hungarian Parliament Speaker Visits Egypt's New Capital
Taarek Refaat Khaled Abbas, Chairman and Managing Director of the Administrative Capital for Urban Development Company (ACUD) received László Kövér, Speaker of the Hungarian Parliament, accompanied by his wife, Rita Herencsár, Ambassador of Hungary to Cairo, and an accompanying delegation, at the company's headquarters in the New Administrative Capital. The meeting comes on the sidelines of the visit of the Speaker of the Hungarian National Assembly to the Egyptian House of Representatives and within the framework of enhancing cooperation and exchange of expertise in the field of urban development and planning. The visit began at the company's headquarters, where Abbas welcomed the visiting delegation, emphasizing the deep relations between Egypt and Hungary and the importance of such visits in conveying a realistic picture of the unprecedented urban developments Egypt is witnessing. During the meeting, Abbas reviewed the features of the New Administrative Capital project, while screening a documentary film illustrating the project's most important features, future plans, and the vision guiding this massive national project, which represents a qualitative leap in the field of modern urban planning in Egypt. On his part, Kövér expressed his great admiration for the advanced urban and cultural development he witnessed in the Administrative Capital. He noted that he had previously visited a number of new capitals around the world, but that what he saw in Egypt was a unique and distinctive model that reflects the progress the Egyptian state is making in this vital sector. The delegation then conducted an extensive field tour that included several prominent landmarks in the Administrative Capital, including the Government District, the Cathedral of the Nativity of Christ, and the City of Arts and Culture. The delegation expressed their admiration for the scale of the achievement and the speed of implementation. This visit comes within the framework of the growing bilateral relations between Egypt and Hungary, and the Hungarian side's keenness to learn about the Administrative Capital project and successful experiences in various fields, most notably sustainable urban development. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer 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
Daily News Egypt
16-03-2025
- Business
- Daily News Egypt
ACUD showcases Egypt's smart capital at MIPIM 2025 in France for third consecutive year
The Administrative Capital for Urban Development (ACUD), the master developer of Egypt's New Administrative Capital, is participating in MIPIM 2025—the world's leading real estate exhibition—held in Cannes, France, from 11 to 14 March. This marks ACUD's third consecutive appearance at the prestigious event, following two highly successful showings. The Egyptian pavilion at MIPIM 2025 has drawn significant attention from global investors, developers, and entrepreneurs. Among the key engagements was a high-level meeting between Khaled Abbas, Chairperson and Managing Director of ACUD, and Khalfan bin Said Al Shueili, Oman's Minister of Housing and Urban Development. During the meeting, Abbas provided updates on the latest developments in the New Administrative Capital, highlighting major infrastructure projects and investment opportunities. He also explored potential avenues for Omani investors and the broader prospects of exporting Egyptian real estate to Arab markets. 'MIPIM is one of the largest and most influential real estate exhibitions worldwide, attracting top-tier investors and developers. ACUD is proud to showcase its success in building a smart, green, and sustainable city while strengthening global partnerships,' said Abbas. MIPIM is a premier international real estate event, bringing together more than 6,500 investors and 300 global companies from over 90 countries. It serves as a vital platform for industry leaders to connect, exchange insights, and explore opportunities in urban development and real estate investment.
Zawya
10-03-2025
- Business
- Zawya
Egypt: ACUD, Côte d'Ivoire Embassy sign agreement for new headquarters in New Capital
Egypt - The Administrative Capital for Urban Development (ACUD) and the Embassy of the Republic of Côte d'Ivoire in Cairo have signed a land sale agreement for a 5,000-square-meter plot, where the new embassy headquarters and the ambassador's residence will be constructed in the Diplomatic District of the New Administrative Capital (NAC). The agreement was signed by Khaled Abbas, Chairperson and Managing Director of ACUD, and Albert G. Dole, Côte d'Ivoire's Ambassador to Egypt, in the presence of representatives from both parties. Ambassador Dole expressed his satisfaction with the embassy's relocation, stating, 'We are delighted to be in the NAC, following the directives of the Ivorian President. This move is a testament to the strong ties between our two nations. We also extend our gratitude to ACUD for facilitating the contract signing in record time.' He highlighted that the NAC represents a significant leap in urban development, with its advanced infrastructure, modern transportation networks, expansive green spaces, and high-quality living standards. He further emphasized the importance of establishing the embassy in the Diplomatic District, given its distinguished design and suitability for diplomatic work. For his part, Abbas welcomed the agreement, expressing his appreciation to the Ambassador of Côte d'Ivoire. 'We are pleased to sign this agreement, paving the way for the embassy's relocation to the Diplomatic District in the New Administrative Capital. The presence of Côte d'Ivoire's embassy is a valuable addition to the district,' he stated. He further noted that the number of embassies relocating to the NAC is steadily increasing, reinforcing the development of one of the world's most sophisticated diplomatic districts. The master plan for the first phase of the New Administrative Capital includes the Diplomatic District, designated to host all foreign embassies and diplomatic missions currently scattered across Cairo. The relocation initiative aims to create a centralized and state-of-the-art diplomatic hub, enhancing the capital's role as a global and regional diplomatic center. This agreement with the Embassy of Côte d'Ivoire continues ACUD's efforts to attract diplomatic missions to the New Capital. It follows a series of similar agreements, including the most recent signing with the Embassy of Algeria in Cairo.
Daily News Egypt
10-03-2025
- Business
- Daily News Egypt
ACUD, Côte d'Ivoire Embassy sign agreement for new headquarters in New Capital
The Administrative Capital for Urban Development (ACUD) and the Embassy of the Republic of Côte d'Ivoire in Cairo have signed a land sale agreement for a 5,000-square-meter plot, where the new embassy headquarters and the ambassador's residence will be constructed in the Diplomatic District of the New Administrative Capital (NAC). The agreement was signed by Khaled Abbas, Chairperson and Managing Director of ACUD, and Albert G. Dole, Côte d'Ivoire's Ambassador to Egypt, in the presence of representatives from both parties. Ambassador Dole expressed his satisfaction with the embassy's relocation, stating, 'We are delighted to be in the NAC, following the directives of the Ivorian President. This move is a testament to the strong ties between our two nations. We also extend our gratitude to ACUD for facilitating the contract signing in record time.' He highlighted that the NAC represents a significant leap in urban development, with its advanced infrastructure, modern transportation networks, expansive green spaces, and high-quality living standards. He further emphasized the importance of establishing the embassy in the Diplomatic District, given its distinguished design and suitability for diplomatic work. For his part, Abbas welcomed the agreement, expressing his appreciation to the Ambassador of Côte d'Ivoire. 'We are pleased to sign this agreement, paving the way for the embassy's relocation to the Diplomatic District in the New Administrative Capital. The presence of Côte d'Ivoire's embassy is a valuable addition to the district,' he stated. He further noted that the number of embassies relocating to the NAC is steadily increasing, reinforcing the development of one of the world's most sophisticated diplomatic districts. The master plan for the first phase of the New Administrative Capital includes the Diplomatic District, designated to host all foreign embassies and diplomatic missions currently scattered across Cairo. The relocation initiative aims to create a centralized and state-of-the-art diplomatic hub, enhancing the capital's role as a global and regional diplomatic center. This agreement with the Embassy of Côte d'Ivoire continues ACUD's efforts to attract diplomatic missions to the New Capital. It follows a series of similar agreements, including the most recent signing with the Embassy of Algeria in Cairo.
