chinese real estate company to build city at new administrative capital
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
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Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Chinese real estate company to build city at new administrative capital

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleChinese real estate company to build city at new administrative capital

new administrative capital
Cairo - MENA

Prime Minister Sherif Ismail attended the signing of a framework agreement between the Housing Ministry and Chinese real estate developer China Fortune Land Development (CFLD) for the development, management and marketing of 14,000 feddans at the new administrative capital.

The project will provide a large number of job opportunities during its three phases, with the first phase expected to be completed in June 2018 and attract $5 billion of foreign direct investments, Investment Minister Dalia Khorshid said.

An integrated city comprising educational, health, industrial, residential, commercial and recreational areas will be built on the land under the agreement reached with the Investment Ministry, which is tasked with helping CFLD get the required licenses, Housing Minister Mostafa Madbouli said.

 

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chinese real estate company to build city at new administrative capital chinese real estate company to build city at new administrative capital

 



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