The New Urban Communities Authority (NUCA) has announced its plans to expedite the process for the launch of its share in Talaat Moustafa Group’s (TMG) projects, Rehab and Madinaty, following the CBE’s decision to devalue the EGP. NUCA plans to offer between 2,000 to 4,000 units for sale, 35% of which will be dedicated to Egyptians abroad, to be offered in USD. The price per sqm for Egyptians aboard in Rehab has been set at USD960 and USD710 in Madinaty, of which 40% should be paid as a downpayment, the remaining over five years in Rehab, seven years in Madinaty. The total inventory of units for NUCA as part of its in-kind agreement with TMG amounts to 10,680 units, of which 7,920 are in Madinaty (with unit sizes ranging between 58 sqm and 211 sqm), and the remaining 2,760 are in Rehab (with unit sizes ranging between 58 sqm and 162 sqm). (Al Borsa, Al Mal)   TMG Holding: EGP5.91 as of 15 March 2016, Rating: Buy, FV: EGP9.84 per share, MCap: USD1,363 million, TMGH EY / TMGH.CA