Latest news with #ACUD
CairoScene
10-07-2025
- Entertainment
- CairoScene
Rock Stars Scorpions Come to Egypt's New Capital for 60th Anniversary
Rock legends Scorpions bring their 60th anniversary world tour to Cairo's New Capital this October as part of a major entertainment push. Jul 10, 2025 When Scorpions hit the stage in Egypt this October, they'll be doing so in a city fast emerging as a destination for global live music. Set for October 15th in the New Capital, the show marks the Cairo stop on the band's 'Coming Home – 60 Years of Scorpions' tour. Formed in 1965, the German rock icons have spent six decades touring the world with a catalogue of hits that includes 'Rock You Like a Hurricane', 'Still Loving You' and 'Wind of Change'. Known for their high-energy performances and cross-generational appeal, the band's anniversary tour celebrates a legacy defined by longevity, melody, and global connection. The concert is being staged through a joint collaboration between ACUD, Live Nation Middle East, and TicketsMarche. The partnership reflects an ongoing effort to bring international talent to Egypt with world-class production standards. Backed by ACUD's urban development strategy, the New Capital is positioning itself as a new regional hub for major cultural programming. Tickets are now available via TicketsMarche's official website.
See - Sada Elbalad
29-06-2025
- Business
- See - Sada Elbalad
Egypt's New Administrative Capital Shares Urban Planning Expertise in Madagascar
Taarek Refaat In a significant step to bolster African cooperation and export Egyptian expertise in sustainable urban development, the Administrative Capital for Urban Development Company (ACUD) has announced its active involvement in supporting the development of a new administrative city in Madagascar. The visit, led by Eng. Khaled Abbas, Chairman and Managing Director of ACUD, came at the official invitation of Madagascar's Secretary of State for New Towns and Housing and follows a Memorandum of Understanding (MoU) signed between both nations during the Cairo Urban Forum in November 2024. The Egyptian delegation visited the Madagascan capital Antananarivo from June 22 to 25, 2025, where they explored avenues for technical collaboration and shared Egypt's landmark experience in developing its New Administrative Capital (NAC)—a national megaproject viewed as a model for future smart cities in the region. Sharing Expertise for a Future Capital At the heart of the visit was a field tour of the Tana-Masondro New City Project, located approximately 28 kilometers from Antananarivo and spanning over 2,340 acres. The site is set to become Madagascar's future administrative capital and a major urban expansion initiative. During the tour, Eng. Abbas reviewed master plans, ongoing works, and requested detailed technical documents for evaluation and advisory input from the Egyptian side. In a high-level meeting with the Secretary of State, Abbas presented Egypt's integrated approach to smart and sustainable urban planning, including infrastructure development, digital governance, and public-private partnerships. The two parties agreed to form a joint steering committee comprising specialists from both countries to oversee cooperation and begin technical collaboration on the new city's design and implementation. Business Forum Highlights Egyptian-Malagasy Partnership The visit also featured ACUD's participation in the Egypt-Madagascar Business Forum, which was attended by senior officials from both countries, including Egypt's Deputy Minister for Maritime Transport, Rear Admiral Nehad Shaheen, and a delegation of private Egyptian firms. On the Malagasy side, ministers of foreign affairs, transportation, public works, energy, water, industry, and commerce joined the discussions. Eng. Abbas took part in knowledge-exchange sessions that showcased Egypt's urban development model, highlighting successful strategies in financing, planning, and managing large-scale cities such as the NAC. Presidential Reception and Bilateral Commitment The visit concluded with a meeting between Eng. Abbas and President Andry Rajoelina of Madagascar, during which Abbas conveyed the greetings of Egyptian President Abdel Fattah El-Sisi and affirmed Cairo's readiness to support Madagascar's urban ambitions. President Rajoelina welcomed the Egyptian offer of expertise and emphasized the importance of bilateral cooperation in areas of development, urban planning, and sustainable infrastructure. A Strategic Partnership in the Making The collaboration reflects a broader strategy by the Egyptian government to expand its footprint in African urban development initiatives, positioning ACUD as a regional leader in smart city planning. The signed MoU outlines a roadmap for Egyptian companies to provide technical support, human resources, and consultancy in the design and execution of the Tana-Masondro project. The success of the mission also owed much to the coordination efforts of the Egyptian Embassy in Antananarivo, particularly Ambassador Rabab Saeed, who was praised for facilitating the visit and advancing Egypt's diplomatic and developmental goals in the region. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
CairoScene
17-06-2025
- Business
- CairoScene
How ACUD Is Quietly Reshaping Egypt's Urban Future
How ACUD Is Quietly Reshaping Egypt's Urban Future The New Capital for Urban Development (ACUD) is charting a course for Egypt's most ambitious urban development project. Away from the dense fabric of Cairo, a new city is taking shape. It has all the trademarks of modern state-building: ministries, high-speed links, entertainment venues, and masterplans thick with ambition. But behind the steel and glass is an entity quietly shaping not just buildings, but perception - both at home and abroad. That entity is the New Capital for Urban Development (ACUD), the owner and master developer of Egypt's New Capital. Founded to deliver on Egypt's vision of a diversified, future-facing economy, ACUD is operating on an increasingly international stage. In the first quarter of 2025 alone, the company has pushed forward on multiple fronts - from global representation at high-profile industry events to strategic memoranda of understanding with regional governments. At MIPIM 2025 in Cannes, one of the real estate industry's most prestigious gatherings, ACUD stood as Egypt's sole representative. This marks its third consecutive year at the summit. Recognition soon followed. ACUD was awarded the 2025 ACE (Acknowledging Contribution & Excellence) Award for its work in shaping Egypt's first sustainable city - a win that positions the New Capital not only as a local solution, but as a case study in urban innovation. That same vision was carried to the Real Estate Future Forum (REFF) in Riyadh, where ACUD took part in high-level regional discussions about smart city frameworks and urban resilience. But perhaps most telling is ACUD's steady expansion of influence across Africa. In Q1, the company signed a Memorandum of Understanding with Zambia, the third such agreement with an African nation following an earlier pact with Zimbabwe and one currently in process with Madagascar. These agreements are part of a broader soft power play: to export Egyptian urban planning expertise and invite local private sector stakeholders to do the same. Add to that a growing Asian footprint - ACUD now counts MoUs with South Korea and China - and the New Capital begins to read less like a national project and more like a transcontinental venture. Back at home, ACUD continues to entrench itself in Egypt's domestic growth narrative. In April, the company showcased its smart city solutions at Bahrain's Social Housing Innovation Exhibition & Conference. It activated a new entertainment strategy in partnership with LNME and TM, launching cultural events headlined by artists like Michael Bublé, Khaled Ghattas and Cairokee, testament to the city's bid for livability and lifestyle appeal. The New Capital is also increasingly framed as a logistical upgrade. In Q1, ACUD ramped up messaging around the city's proximity to Greater Cairo and key transit routes, highlighting improved access and reduced commute times as selling points not just for businesses, but for families and institutions considering relocation. Finally, ACUD bolstered its presence within national economic networks, participating in the Egyptian Businessmen's Association and reinforcing its role as a bridge between public planning and private enterprise. The New Capital is still under construction. But ACUD's Q1 activity suggests it is no longer just building a city, it's building a case. A case for Egypt's relevance in the global real estate conversation. A case for strategic urbanism as soft power. And a case for Cairo's successor not as a replacement, but as a recalibration.
See - Sada Elbalad
02-05-2025
- Business
- See - Sada Elbalad
Hungarian Parliament Speaker Visits Egypt's New Capital
Taarek Refaat Khaled Abbas, Chairman and Managing Director of the Administrative Capital for Urban Development Company (ACUD) received László Kövér, Speaker of the Hungarian Parliament, accompanied by his wife, Rita Herencsár, Ambassador of Hungary to Cairo, and an accompanying delegation, at the company's headquarters in the New Administrative Capital. The meeting comes on the sidelines of the visit of the Speaker of the Hungarian National Assembly to the Egyptian House of Representatives and within the framework of enhancing cooperation and exchange of expertise in the field of urban development and planning. The visit began at the company's headquarters, where Abbas welcomed the visiting delegation, emphasizing the deep relations between Egypt and Hungary and the importance of such visits in conveying a realistic picture of the unprecedented urban developments Egypt is witnessing. During the meeting, Abbas reviewed the features of the New Administrative Capital project, while screening a documentary film illustrating the project's most important features, future plans, and the vision guiding this massive national project, which represents a qualitative leap in the field of modern urban planning in Egypt. On his part, Kövér expressed his great admiration for the advanced urban and cultural development he witnessed in the Administrative Capital. He noted that he had previously visited a number of new capitals around the world, but that what he saw in Egypt was a unique and distinctive model that reflects the progress the Egyptian state is making in this vital sector. The delegation then conducted an extensive field tour that included several prominent landmarks in the Administrative Capital, including the Government District, the Cathedral of the Nativity of Christ, and the City of Arts and Culture. The delegation expressed their admiration for the scale of the achievement and the speed of implementation. This visit comes within the framework of the growing bilateral relations between Egypt and Hungary, and the Hungarian side's keenness to learn about the Administrative Capital project and successful experiences in various fields, most notably sustainable urban development. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Daily News Egypt
16-03-2025
- Business
- Daily News Egypt
ACUD showcases Egypt's smart capital at MIPIM 2025 in France for third consecutive year
The Administrative Capital for Urban Development (ACUD), the master developer of Egypt's New Administrative Capital, is participating in MIPIM 2025—the world's leading real estate exhibition—held in Cannes, France, from 11 to 14 March. This marks ACUD's third consecutive appearance at the prestigious event, following two highly successful showings. The Egyptian pavilion at MIPIM 2025 has drawn significant attention from global investors, developers, and entrepreneurs. Among the key engagements was a high-level meeting between Khaled Abbas, Chairperson and Managing Director of ACUD, and Khalfan bin Said Al Shueili, Oman's Minister of Housing and Urban Development. During the meeting, Abbas provided updates on the latest developments in the New Administrative Capital, highlighting major infrastructure projects and investment opportunities. He also explored potential avenues for Omani investors and the broader prospects of exporting Egyptian real estate to Arab markets. 'MIPIM is one of the largest and most influential real estate exhibitions worldwide, attracting top-tier investors and developers. ACUD is proud to showcase its success in building a smart, green, and sustainable city while strengthening global partnerships,' said Abbas. MIPIM is a premier international real estate event, bringing together more than 6,500 investors and 300 global companies from over 90 countries. It serves as a vital platform for industry leaders to connect, exchange insights, and explore opportunities in urban development and real estate investment.
