In the context of accelerating the operation of service projects in new cities alongside residential projects, the public auction session held by the Real Estate and Commercial Affairs Sector of the New Urban Communities Authority, at the headquarters of the New Assiut City Development Authority, resulted in the allocation of 6 commercial shops, 3 administrative units, and 2 workshops.
Dr. Walid Abbas, Deputy Minister of Housing for Urban Communities, confirmed that providing commercial and service activities is a fundamental element in completing the development system in new cities. This contributes to meeting residents' needs, encouraging settlement and stability, and supporting the sustainability of new urban communities.
For his part, Dr. Ahmed Omara, Supervisor of the Real Estate and Commercial Affairs Sector at the Authority, explained that the provision of these shops is carried out according to the needs and occupancy rates of each city. This is done with strict adherence to the regulations governing public auctions to ensure the integrity of the procedures and maximize the utilization of available assets.
Furthermore, Eng. Ahmed Mahmoud Hassan, Head of the New Assiut City Development Authority, pointed out the significant turnout of bidders during the session. This reflects the attractiveness of investment opportunities in the city and investors' confidence in its developmental and economic fundamentals, confirming the continuous offering of new commercial opportunities successively across various areas.
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