Who is the developer of OIA compound?

The company that owns OIA New Capital is Edge Holding

Edge Holding shops for sale in OIA

Reference: NS 91837

EGP 11,250,000

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 11,250,000

Edge Holding shops for sale in OIA

Reference:

NS 91837

Price:

EGP 11,250,000 Installment

Price / Sqm:

EGP 250,000 Per Sqm

Store Type:

Mall Commercial Store

Finishing Status:

Core & Shell

Area:

45 sqm

Floor No.:

View:

View Of Landmark

Listed:

Tue 23 May 2023

About OIA New Capital

Shop for Sale in OIA - New Capital By Edge Holding

The new administrative capital of Egypt, also known as the OIA New Capital, is a massive urban development project that aims to alleviate the overcrowding of Cairo and create a new hub for business and government.

The project is being led by the government-owned company, the New Urban Communities Authority (NUCA), and is expected to cost around $45 billion. The OIA New Capital will cover an area of over 700 square kilometers and will be home to over 6.5 million people once completed.

One of the key features of the OIA New Capital is its emphasis on sustainability and energy efficiency. The city will be powered by renewable energy sources, including solar and wind power, and will feature green spaces, eco-friendly transportation options, and smart city technologies to reduce energy consumption.

The OIA New Capital will also be a major center for business and commerce, with plans for a new financial district and the establishment of several international companies. The city will also feature a number of cultural and recreational facilities, including museums, theaters, and sports complexes.

Construction on the OIA New Capital began in 2015, and the first phase of the project is expected to be completed by 2023. The first phase will include the construction of government buildings, residential areas, and commercial properties.

Despite its ambitious goals, the OIA New Capital project has faced criticism for its high cost and potential displacement of local communities. Some experts have also raised concerns about the sustainability of such a large-scale development project and the potential impact on the environment.

However, supporters of the project argue that the OIA New Capital is necessary to address the challenges facing Cairo, including overcrowding, pollution, and a lack of infrastructure. They also believe that the project will create new employment opportunities and stimulate economic growth in the region.

Overall, the OIA New Capital is a significant development project that aims to transform Egypt's urban landscape and create a new center for business, culture, and government. While there are concerns about the project's sustainability and cost, it represents a bold vision for Egypt's future and has the potential to bring about significant benefits for the country and its people.

MLS Realty
+201200070979