Deputy Prime Minister of Bahrain hosts Eng. Khaled Abbas, Chairman of the Administrative Capital for urban developments Company, and Commends Egypt’s Development

(Manama, Kingdom of Bahrain)
To strengthen the Arab world’s solidarity, Eng.Khaled Abbas, Chairman and Managing Director of the New Administrative Capital for Urban Development company met with H.E. Sheikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister of the Kingdom of Bahrain, in his Qudaibiya Palace office. The meeting coincided with the official visit of Abbas to join the Conference and Exhibition on Innovation in the Social Housing Sector.
During the meeting, His Excellency Sheikh Khalid bin Abdullah emphasized on the nature of Bahraini-Egyptian relations represents a distinguished model of cooperation and Arab integration.
In his praise of Egypt’s innovative development strategies, he acknowledged the nation’s efforts in the economic and investment development sectors as very ambitious, and while appreciating them, he described them as the foundation of the prospects of long term growth.

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Eng. Khaled Abbas expressed his profound appreciation for the gracious reception and also the privilege to be able to be part of the conference as a speaker. He affirmed that ACUD is dedicated to exchanging knowledge and best practices with its partners in the kingdom of Bahrain, especially in the fields of urban development, city planning, and sustainable infrastructure.

The meeting also included a review of the milestones achieved in Egypt’s New Capital project, which has emerged as an integrated urban model for the cities of the future. The project is distinguished by its advanced infrastructure and diverse facilities, aligning with international standards for quality of life and sustainability, and offering an ideal environment for living and investment.

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About the Administrative Capital for Urban Development

The Administrative Capital for Urban Development (ACUD) is an Egyptian joint-stock company, established in April 2016. The company operates in the field of urban development and executing, managing, and operating the New Administrative Capital project, one of Egypt’s most important national and strategic initiatives. ACUD is governed by the Investment Law No. 8 of 1997, with a paid-up capital of EGP 44.6 billion.

Construction of the New Administrative Capital commenced at the end of 2016. The city covers an area of approximately 230,000 acres and is located about 60 km east of Cairo and 65 km west of Suez. Upon completion of all construction phases, the city is projected to accommodate up to 8.5 million people. The New Administrative Capital is designed to alleviate the congestion in Cairo and address the rapid population growth. Additionally, the project is expected to significantly contribute to Egypt’s economy by opening broad investment opportunities for investors, development companies, and other stakeholders.

In 2023, the headquarters of the Cabinet, ministries, government agencies, and other entities were allocated to the New Administrative Capital. ACUD is also focused on completing integrated construction work for the embassy and consulate services, as well as some embassy buildings, which are now ready for relocation and habitation in the Diplomatic District, one of the key developments in the first phase of the New Administrative Capital.

The New Administrative Capital also includes the Financial District, a major economic hub that houses the Central Bank of Egypt, the Egyptian Stock Exchange, and the regional offices of leading Egyptian and international banks and companies. Furthermore, the residential districts feature a huge number of premium, diverse housing units, complemented by comprehensive services and public facilities.

ACUD has ensured that the New Administrative Capital is a city of distinction in every aspect. Its design prioritizes sustainability, smart technology, and green spaces. With allocation of 15 m² of green and open spaces, the city surpasses global standards for quality of life.
The New Administrative Capital also features the Green River, which, once completed, will be the longest green river in the world, spanning 12 km over a total area of 1,000 acres in its first phase. This will include central and recreational parks, as well as botanical gardens.

Additionally, the New Administrative Capital houses the Arts and Culture City, one of Egypt’s most remarkable and culturally significant landmarks, as well as the Knowledge City, a hub for technology and innovation.The Sports City represents an unprecedented leap in Egyptian sports, with the facilities and capabilities necessary to host international sporting events.

As one of the Fourth Generation Cities, the New Administrative Capital relies on the latest smart systems. ACUD has signed multiple agreements with leading global companies to enhance the concept of smart, sustainable cities and buildings in the capital. The goal is to manage the city infrastructure and services using cutting edge technology, positioning the New Administrative Capital as the first smart city in the Middle East.