New Capital Archives - جريدة الاخبارية

New Jersey Developments announces new progress in Green Avenue project in the New Capital

Posted on فبراير 8, 2026 by aberabozaher

New Jersey Developments solidifies its commitment towards its clients with new constructions at Green Avenue project in New Capital

New Jersey Developments company, announced new progress in the construction and implementation works in Green Avenue project in the New Capital, which reflects the company’s commitment to a strategy based on regular construction and delivery according to the scheduled timetables, which proves its commitment to fulfil its obligations to clients.

New Jersey

Eng. Girgis Youssef Chairman of New jersey Development(NJD), said that construction is proceeding smoothly, with equipment and work teams present on site, as implementation
is being executed according to approved plans and clear schedules, which ensures high-quality in implementation and consistent progress.

He added that the company’s successful delivery of the project’s third phase reflects its practical commitment to phased delivery, noting that this phase was implemented and developed within the framework of official and documented building permits, including building permit no. 323 of 2022 and ministerial decree no. 636 issued on August 6, 2019.

He pointed out that the project operates entirely under valid building permits issued by the New Capital City Authority, including permits No. 323 of 2022, and Nos. 2, 3, and 4 of 2023. which assures that the company has fulfilled all the necessary legal requirements for project implementation, thus providing clients with greater

confidence and peace of mind
He discussed that the project includes Soul Mall, which holds Building Permit No. 19 of 2023, and construction is currently underway in the mall, which will serve as a service and commercial hub for the project’s residents and will feature a wide range of global brands, within a comprehensive vision for urban development, noting that the company’s current focus is sustainable implementation and accelerating the completion rates of its existing projects.

He assured that “Green Avenue” presents a model of the company’s strategy, which is based on tangible execution and adherence to timelines, while continuously developing the project to align with the state’s urban development plans and deliver added value to clients.

He explained that Green Avenue project is one of the prominent residential projects being developed by New Jersey Developments Company in the New Capital, which is located on 11.5 acres, it includes 500 units of varying areas, a green area, and swimming pools, besides reducing the building area to accommodate extensive green areas, and the project overlooks the New Capital’s Tourist Walkway.

SUD celebrates Financial Hub as the first LEED-Certified building in New Capital

Posted on يناير 10, 2026 by aberabozaher

Safwa Urban Development (SUD) celebrated the inauguration and official operation of its commercial and administrative project, Financial Hub, which has become the first fully integrated building in the New Capital to obtain the international LEED certification. This reflects the state’s strategic direction toward adopting sustainability principles and green architecture within smart cities.

SUD

The event was attended by Eng. Khaled Abbas, Chairman and Managing Director of Administrative Capital for Urban Development (ACUD) company, Major General Ahmed Fahmy, General Manager of the ACUD, along with senior officials from SUD, led by Dr. Medhat Shalaby, Chairman of the Board, and Dr. Mohamed Shalaby, CEO of the company.

In his opening remarks, ACUD Chairman Eng. Khaled Abbas stated that Financial Hub’s achievement of the LEED certification sends a clear message that the New Capital is being developed in line with the latest international standards.

He said that the ACUD has introduced a package of incentives for green buildings to encourage developers to adopt sustainable practices, which has led to a growing number of projects applying for sustainability certifications.

Abbas added that, by 2026, the New Capital is expected to become one of the region’s leading cities in terms of the concentration of green buildings.

For his part, Major General Ahmed Fahmy, General Manager of the ACUD, said that the adoption of green buildings delivers not only environmental benefits but also planning and investment advantages for developers.

Fahmy disclosed that the Financial Hub project represents a successful model to be replicated across the New Capital, and called on all real estate companies operating in the city to meet the required standards and obtain this international certification in order to benefit from the associated incentives.

Meanwhile, Dr. Medhat Shalaby, Chairman of SUD, announced that the project’s achievement of the LEED certification reflects the company’s strategic vision to develop projects that deliver genuine added value.

He noted that the New Capital has become an attractive investment environment thanks to strong institutional support and streamlined procedures, encouraging developers to deliver projects that comply with international standards.

Shalaby added, “Obtaining this prestigious global certification underscores our commitment to delivering projects aligned with the state’s vision for sustainable urban development. LEED is one of the world’s most prominent green building certifications, issued by the U.S. Green Building Council, and achieving it reflects the project’s adherence to sustainability principles.

It also demonstrates our focus on providing a healthy and advanced work environment, optimizing energy and water consumption, and using environmentally friendly materials—factors that enhance the building’s investment value and reinforce its position as a leading model for sustainable administrative buildings in the New Capital.”

SUD CEO explained that the Financial Hub project spans over two feddans in the Central Business District of the New Capital, noted that the project represents a fully integrated model that combines sustainability, a strategic location, and high-quality operations.

He emphasized that selecting the project’s location at the heart of the Central Business District—adjacent to the Government District and directly opposite the monorail station—significantly enhances its ability to attract financial institutions and global companies seeking to establish their headquarters in Egypt.

Dr. Shalaby added that the project enjoys a unique position at the main entrance to the Financial District, providing the highest levels of accessibility and traffic flow, making it a natural magnet for major corporations.

He further pointed out that this prime location grants the project an unprecedented competitive edge, noting that the company has also ensured the delivery of fully finished administrative units, ready for immediate operation.

He concluded his remarks by extending his appreciation to His Excellency President Abdel Fattah El-Sisi, President of the Republic, for the significant national achievement represented by the New Capital as a city that embodies Egypt’s future and the aspirations of its people.

Sorouh Developments obtains approval to add a floor to Entrada project at New Capital

Posted on سبتمبر 7, 2025 by aberabozaher

Sorouh Developments announced that the Administrative Capital for Urban Development (ACUD) company has approved the addition of a new floor to its Entrada project. This step reflects the trust placed in the company and its projects, while reaffirming its full compliance with all the requirements and standards set by the ACUD.

Sorouh Developments

Eng. Ahmed Harby, CEO of Sorouh Developments, stated that this step adds significant value to the project, boosting its investment appeal while addressing the increasing demand for units.

Harby said that the approval supports the company’s expansion strategy and reinforces its commitment to delivering innovative urban solutions across its projects in the New Administrative Capital.

He noted that the approval reflects ACUD’s confidence in Sorouh Developments’ efficiency and its strict adherence to approved urban plans. This, he added, strengthens the company’s standing as a leading real estate developer both in the market and within the New Capital.

He pointed out that the addition of a new floor will expand the available space and units, meeting customer demand while enhancing investment returns and the project’s overall market value.

For his part, Mr. Hany Sonallah, ‏Chief Commercial Officer at the company, said that the Entrada enjoys one of the best residential locations in the New Capital.

The compound is situated on the very first plot of land in the R7 district, directly facing the International Exhibition City, next to The Knowledge Hub Universities, and just steps away from the Cathedral. The development consists of a ground floor and eight upper floors.

Sonallah pointed out that the project is located on the main Central Axis Road — a 100-meter-wide road that passes by Al Masa Hotel, the Government District, and the Presidential Palace, extending all the way to the Suez Road. This highlights its proximity to the main routes inside and outside the New Administrative Capital.

He added that the project’s built-up area represents only 19%, featuring the largest proportion of green spaces and landscaping in the capital, along with the largest artificial lakes and one of the lowest loading ratios, starting from just 18%.

He further explained that the project includes a diverse range of units, such as ground-floor units with gardens, typical floors, and duplexes.

The company has also focused on providing a wide selection of amenities, including a mixed-use commercial, administrative, and medical mall, a social club, swimming pools, a gym, underground parking across the entire compound, in addition to security, maintenance, and surveillance camera services.

He highlighted the company’s commitment to collaborating with leading entities to ensure the delivery of an innovative and fully integrated project. Accordingly, the company has partnered with Ehaf as the project’s engineering consultant and contracted Mimar Architects to serve as the architectural consultant on-site.

Additionally, Detac and the Spanish company Redcon have been engaged as contractors to execute the project.

He concluded that the company is offering units with flexible spcases ranging from 91 to 250 sqm, along with flexible payment plans starting at 10% down payment and extending up to 10 years.

This initiative aims to support clients’ purchasing power and provide financial solutions that enable them to acquire units that meet their needs.