Published in: GENERAL

Chinese firm inks deal to build Egypt’s new capital at $45 billion

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Published on: June 15, 2023

Egypt’s government has signed a deal with a Chinese company to develop and manage it’s new capital city at a cost of 20 billion dollars.

The agreement was signed with China Fortune Land Development Co. Ltd.  to complete parts of the second phase of construction of the  new capital city.

Yasser Hakim has the details.