City edge Developments
About Developer
City Edge Developments Is Established Between New Urban Communities Authority (NUCA) And Housing And Development Bank (HDB).
New Urban Communities Authority
Founded in 1979, with affiliation to the Ministry of Housing, NUCA is the state’s urban planner, with aims at shifting the center of living away from the Capital extending the axis into the new suburbs to create wider possibilities for living. Owning the largest land bank in the country, NUCA is responsible for the creation of numerous residential, housing and industrial projects, in addition to infrastructure development and investment affiliations.
Housing & Development Bank
Established 35 years ago, in 1979, Egypt’s Housing and Development Bank (HDB) is a progressive commercial bank with a clear real estate flavor specialized in financing housing projects across urban communities and North Coast resorts. With its solidified reputation and extensive experience in providing a full range housing and property development services, HDB’s Real Estate Projects continue to be key at increasing client base and performance. With direct and indirect ownership positions in 14 subsidiaries and sister companies and a total of EGP 1,275 million, HBD ownership ranges from 16% to 92% and activities span from real estate development and mortgage financing to property management services and insurance development and investment affiliations.
