The CIO World, the top-selling online business publication, features Khaled Abbas, Egypt’s Chairman of the Administrative Capital for Urban Development (ACUD), as the nation’s leader for its enormous New Administrative Capital (NAC) development project. With more than 30 years of housing, construction, and urban development expertise, Abbas applies a vast reservoir of experience and knowledge to the assignment from his previous position as Deputy Minister for Housing, Utilities, and Urban Communities.
His real estate and urban development career began from an internal motivation to restore cities and improve the quality of living. His extensive background, including his previous position as Deputy Minister of Housing, Utilities, and Urban Communities for Egypt’s national projects, has played an imperative role in helping him build his mega-scale urban development project practice like the New Administrative Capital (NAC). ACUD reported the greatest expansion during Khaled’s time, posting an astounding $800 million revenues in 2022.
In his effort to create a balanced and accommodative city, he is keen on satisfying the various stakeholders, whether it is the government departments, investors, and future residents. The appeal for the stakeholders’ participation is trending towards cohesiveness as well as accommodation in the master plan for the urban development of the city. His time in the Ministry of Housing, Utilities, and Urban Communities has exposed him to urban planning processes and mega-projects management that have enabled him to gain valuable lessons regarding the topic. He has advanced his crisis management, strategic planning, and coordination of stakeholders through experience. By being on the boards of Egyptian Federation of Construction and Mortgage Finance Funds, Khaled gets a broader perspective of social and economic development and housing financing. By his two membership positions, he has the ability to make strategic decisions based on information according to national housing strategies and plans as well as Egypt’s Vision 2030 on social and economic goals.
These actions and creations are all for his vision in steering ACUD to ensure the NAC project meets not only the near-term needs of city growth but also Egypt’s national development plan in the long term.
