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FINANCIAL NEWS
Egyptian-Chinese agreement sign for administrative projects
04 Jan 2016
(MENAFN) An Egyptian-Chinese alliance was made trailing the signing of seven memorandums of understanding (MOUs) to implement projects for the New Organizational Capital.
Furthermore, the agreement will create the new cabinet’s building along with 12 other ministerial buildings, beginning with the Ministry of Housing.
Additionally, the alliance will also construct a new convention center, a fairground, and 15,000 residential units for low and middle revenue citizens.
“These projects mark the first phase of the new capital, which will be launched by Egyptian President Abdel Fattah Al-Sisi,” stated by an official, and the first phase will be implemented on 10,500 feddans.
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