Egypt’s Prime Minister Moustafa Madbouly reviewed on Sunday the standing of settling excellent dues owed to the New City Communities Authority (NUCA) by a number of ministries and authorities entities, stressing the necessity to speed up funds to help the authority’s city growth initiatives.
The assembly reviewed NUCA’s monetary place, together with a abstract of the overall quantities owed to the authority by authorities entities and of the funds NUCA made to those entities by July 2026.
Discussions additionally lined NUCA’s spending on transferring belongings, together with land and repair buildings, to related authorities in new cities, in coordination with the ministries of Finance, Planning, and Financial Growth, in addition to service buildings carried out beneath the authority’s growth plans.
The assembly additionally reviewed NUCA-financed initiatives and the authority’s anticipated money move place from July to December 2026, together with projected revenues and expenditures
He added that NUCA is presently conducting settlements to resolve monetary overlaps with authorities entities in cooperation with the ministries of Finance and Planning and Financial Growth.
The assembly additional addressed methods to maximise NUCA’s sources and reviewed the financing standing of ongoing initiatives. Madbouly directed officers to comply with up on agreed measures to speed up the fee of the authority’s dues associated to a number of initiatives.
