Administrative capital for urban development company holds its 1st meeting

The founders assembly of the administrative capital for urban development, an Egyptian joint stock company, held on Sunday its first meeting, under legal adviser and co-founder Dr. Ahmed Washahi.

According to a statement by the Housing Ministry, the founders assembly named the company's board that groups 13 members; three members of the New Urban Communities Authority, six experts and four members of Armed Forces representatives. 

During the meeting, Ayman Ismail was appointed as the "non-executive" chairman of the company's board of directors and Major General Mohamed Abdel Latif as the managing director