New Urban Communities Authority announces providing plots with  different areas ( from 300 m2 to  218382 m2 ) for sale in an auction in sealed envelopes (technical and financial) for the establishment of various investment and service activities (commercial residential- commercial  administrative- commercial residential administrative - commercial  recreational: restaurants ,  funfairs  - commercial  administrative recreational - commercial - bank – recreational , funfairs – hotel , mall , car service – recreational- restaurants and cafes- administrative- commercial   recreational - hotel – trade shows – funfairs – cafeteria and rest- schools- nursery - high education – medical – social club – sports club - social recreational club – bakery-  cinema - petrol station – car service station – gas distribution store –car maintenance center – distribution stores and centers-occasions house  )

 According to the following conditions:

1- Sale will be in an auction in sealed envelopes (technical and financial ) according to the rules mentioned in auction dossier .

2- Clarification session is held on  Sunday ( 13/8/2014)   at 10 a.m   in 6th  October city  headquarters   .

3-Offers will be technically evaluated according to the general rules of evaluation mentioned in auction dossier.

4- Submission of offers and opening of technical envelopes will be on Tuesday ( 23/9/2014) at  12.00 p.m in each city authority headquarter.

5- Auction bond  is between 2000 to 900000 pounds depending on kind of activity and plot location  paid cash or in check in the name of NUCA or an unconditional letter of guarantee issued by a certified bank for the auctioneer. This will be included in the technical envelope .

6- Successful bidders are those who submit technically accepted offers and  the highest square meter price.

7- Price in the financial offer is prompt payment  price but it can be paid as follows :

-  Payment  of 10% of land price in addition of the administrative expenses and the board of trustees expenses during one month starting the date of offer acceptance notice .

-  The outstanding of the price  can be paid  either during 3 months  starting the date of offer acceptance notice  or during 4 years on equal quarterly installments plus National Bank interest rate on payment date as well as .5 %  administrative fees . Interest rate will be calculated starting the offer acceptance date till maturity date. The first installment ( plus interest ) is due three months starting the offer acceptance date . The outstanding installments plus interest will be paid in time bank cheques in the name of the city authority , such outstanding installments will be part of contract documents.

-  Those interested in booking auction dossier will pay LE 1000 (only one thousand Egyptian pounds) starting Wednesday (20 / 8 /2014) from the above mentioned city authorities headquarters. Clarification session will be only for those who bought auction dossier.

8- Successful candidates must commit to conditions and specifications in auction dossier .

9- Unsuccessful bidders will have their auction bond as soon as evaluation ends .

10- Auction is subject to the provisions of law No. 89 of 1998

With  the greetings  of New Urban Communities Authority