New Urban Communities Authority announces providing plots with  different areas ( from 3.45 acres to  90.2 acres ) for sale in an auction in sealed envelopes (technical and financial) for the establishment of an integrated urban activity (villas – buildings ) in the following cities :

Sheikh Zayed- New Borg Elarab –New Tiba –New Beni Sueif -15 th May – Obour –New Qena – Shorouk –Sadat – New Cairo – New Damietta – Tourist Villages – 6^th October –New Asiut –New Sohag – New Fayoum 

 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  Monday ( 3/11/2014)   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 ( 25/11/2014) at  12.00 p.m in each city authority headquarters.

5- Auction bond  is between 200000 to 400000o 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.

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.

 8-  Those interested in booking auction dossier will pay LE 1000 (only one thousand Egyptian pounds) starting Monday (20 / 10 /2014) from the above mentioned city authorities headquarters. Clarification session will be only for those who bought auction dossier.

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

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