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Elham AbolFateh

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Egypt to construct 4 billion dollar worth factories in the new capital

Tuesday 11/July/2017 - 11:02 PM
Sada El Balad
Amr Mamdouh

President Abdel-Fattah Al-Sisi held a meeting on Tuesday with Prime Minister Sherif Ismail, Minister of Housing, Utilities, and Urban Development, Dr. Mustafa Madbouli and Dr. Sahar Nasr, Minister of Investment and international Cooperation.

 

The meeting discussed the latest developments concerning the new administrative capital. They discussed the offer of the Chinese company “CFLD” to invest in the infrastructure of the new capital, and to construct a number of factories worth 4 billion dollars over the next five years.

 

The company plans to construct a smart village, a technological and environmental friendly zone, an upmarket residential district, and a full range of roads, facilities, and services, including schools, university, and recreational centers.

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