Tuesday 08/July/2025 – 09:23 PM
In a strong batch of investment activity in the tenth of Ramadan City, the city witnessed, today, Tuesday, July 8, 2025, the success of a public bidding session organized by the City Development Authority at its headquarters, headed by Eng. Alaa Abdellah Mustafa, head of the agency, and in the presence of representatives of the State Council, the New Urban Communities Authority, the Ministry of Finance, and members of the auction committee.
122 million pounds, the outcome of a successful bid session in the tenth of Ramadan to support commercial and service activities
The session included the launch of 11 commercial stores and one pharmacy with areas ranging from 15 square meters and 46 m 2 within the commercial market executed in piece No. (3) in the southern developers area – complex (c), in addition to a plot of land No. (18) with a car supply station, with an area of 3821 m², in the Western Services axis (fourth stage).
The bidding resulted in the sale of all units offered with a total value of 122 million pounds, which reflects the confidence of investors and the city’s attractiveness as a promising investment destination.
Engineer Alaa Abd Allah Mustafa stressed that these proposals come within the agency’s plan to support commercial and service activities in line with urban expansion and population increase in the city, noting that work continues to provide new investment opportunities that contribute to enhancing the local economy and providing job opportunities, in implementation of the directives of the Ministry of Housing and Urban Communities towards achieving comprehensive development in new cities.
