NEW CAIRO | Nour City | $32 billion | 5,000 acres | 2023 | U/C

Summary

Noor City is located in front of the new administrative capital on an area of 5,000 acres, aiming to meet demand in East Cairo, which is currently inhabited by about 4.5 million citizens and is expected to reach 10 million citizens by 2030. East Cairo is Egypt’s Hub for development, as it includes nearly 250,000 acres of projects and the administrative capital, where the government institutions, parliament, banks and big companies are located there. This promising area will be the pole of urban development in Egypt in the near future as it’s linked to the development of the Suez Canal axis and nearby cities such as the 10th of Ramadan, El Shorouk, Badr and others.

The city was planned with 2021’s philosophy and a scientific vision for the future by the four largest, specialized international companies, namely SWA, SASAKI, BCG, and Perkins Eastman. Noor will be a green smart city that is meeting 21st century 4G cities standards. The new city will include a set of integrated services and modern applications for the first time in Egypt, such as 5G technologies. TMG Holdings will create a smart city, using the latest technologies, and an advanced fibre optics infrastructure, as well as providing high-speed Wi-Fi in all public, commercial, and service areas. The city will include high accuracy security services through the latest security systems, CCTV cameras, and control rooms in all areas. Noor City facilities will be managed by utilizing the latest technologies as smart irrigation methods to decrease water consumption, the use of clean energy, smart environment-friendly transportation, as well as smart lighting system for the whole city.

Nour City will accommodate about 600,000 residents, as well as integrated commercial, administrative and government service areas, similar to what was provided in Rehab and Madinaty, where 850,000 residents are living. Furthermore, the project will be implemented in line with the 2021 vision by offering privacy to all residential areas, serving millions in the East Cairo area and ensuring to double the return of the unit of investments

Talaat Mostafa emphasized that the Group will apply a new payment system for the first time in Egypt in order to make Noor, the city of the future available to various segments and accommodate the growing demand in the capital’s east axis. The First instalment will be with a minimal cost with a 15 years payment plan in cooperation with government banks as the National Bank of Egypt, Banque Misr, and Banque du Caire. Noor City is scheduled to include 140,000 housing units, namely buildings and villas, with total investments of EGP 500 billion and will generate taxes for the government worth EGP 110bn, and provide about 3.3m regular and irregular jobs. It will also increase the size of the group's contributions in the corporate social responsibility initiatives, as a result of the company's clients who trust Talaat Mustafa Group and became its partners.

While TMG may be a holding company, this project is not entirely a private comment. The Ministry of housing will share the Project and will own a 50% stake.
A new idea adopted by the state where it was already applied for Sun City, Badia City and a range of other projects.

Project Overview

Status: Ongoing
Project start date: 06/06/2021
Estimated end date: 2023-Phase One
Location: East Cairo, North of the New Capital - inside the city of Gardens
Size: 5,000 acres
Cost: $32 billion / EGP 500 billion
Project owner: Talaat Moustafa Group (TMG) Holding - Ministry of Housing
Contractor: (?)
Design Firms: SWA, SASAKI, Boston Consulting Group, Perkins Eastman
Partnership: The Arab Company for Urban Investment, and the New Urban Communities Authority (NUCA).
Funding: TMG Holding & Ministry of Housing - (See Partnerships)
Ministries involved: Housing, Utilities, Urban Communities, Environment

Official WebSite: Noor Capital Gardens

Project Goals

• Accommodates 600 thousand people

Main Infrastructure

• 140k housing units
• Schools
• Hospital
• Religious buildings

Basic Infrastructure

• Roads
• Parks
• Power station

Leisure & Entertainment

• Hotel (and Resorts?)
• Restaurants and Cafes
• Sport Clubs - (Squash, Golf, Jockey, Cricket, Tennis, Football)
• Sport stadium
• Swimming pool

Services

• 5G
• Fibre optics
• Free public Wifi
• Smart irrigation system
• Smart lighting system

Security & Surveillance

• Surveillance Towers
• Infrared Security System

Source:

Fact:
Talaat Moustafa Group (TMG) Holding built and still manages Madinaty

This post will be updated upon further information.