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 development, which will include homes and offices and all relevant infrastructure, will take place in the second phase of construction of the new capital east of Cairo.
The new capital is one of a series of mega-projects announced by President Abdel…
Source : South China Morning Post
Read more…Chinese company to spend US billion on Egypt’s new capita















