New Administrative Capital (ACUD)

The Administrative Capital for Urban Development (ACUD) is the owner and master developer of Egypt’s New Administrative Capital project.

The company was established in 2016 as an Egyptian joint-stock company with a paid-up capital of EGP 6 billion to manage, implement, and operate this massive national project.

Company Basics

Date of Establishment: April 21, 2016

Founding Partners: New Urban Communities Authority (NUCA) (49%), National Service Projects Organization (NSPO) (29.4%), and Armed Forces Land Projects Authority (ARPA) (21.6%)

Capital: EGP 6 billion. Company Mission and Objectives

Planning and Development: Planning, developing, and constructing a vast area of land to create a smart, fourth-generation city.

Infrastructure: Establishing modern utility networks, roads, and essential services in the capital.

Attracting Investments: Stimulating local and international real estate investment and boosting the Egyptian economy through a sophisticated urban environment.