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Chinese company to spend US$20 billion on Egypt’s new capital east of Cairo

Chinese company to spend US$20 billion on Egypt’s new capital east of Cairo

  China Fortune Land Development Co. Ltd. (CFLD) has signed a deal to develop and manage 14,000 acres (5,700 hectares) of Egypt’s new administrative capital at a cost of US$20 billion, the Egyptian cabinet said in a statement on Monday. … The new capital is one of a series of mega-projects announced by President Abdel […]Source: Chinese company to spend US$20 billion on Egypt’s new capital east of Cairo

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