Who Owns the New Administrative Capital Development Company?

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The military holds 51% — a state megaproject majority-owned by the armed forces

"Urban Communities Authority holds 49% — two military project bodies hold 51% — and together they are selling 174,000 feddans of land"

Land portfolio (Jan. 2022): 174,000 feddans — owned by a company that develops and sells without independent auditing of its accounts

Source: Presidential Decree No. 57/2016 / General Authority for Investment register