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Egypt Is About Getting A New Capital Thanks To The Chinese by lajoshua: 6:38pm On Oct 13, 2016 |
The actualization of Egypt's new capital city got push forward with the announcement that the multi-billion dollar project will majorly be funded by Chinese developers. The China Fortune Land Development Company (CFLD) agreed to provide $20 billion for the currently unnamed city, following a meeting between heads of the firm and Egyptian President Abdel Fattah El Sisi. This is after a previous commitment of $15 billion from another Chinese state-owned company, bringing the project close to its $45 billion budget requirements for phase I. The Plans for the new capital were initially revealed in March 2015. The project as described by Government officials is a solution to crowding, pollution and rising house prices in Cairo. The new city will create more places to live, work, relax and a vacation destination. source:http://www.voiceofaudacity.com/2016/10/egypt-is-getting-new-capital-courtesy.html cc:lalasticlala mynd44
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Re: Egypt Is About Getting A New Capital Thanks To The Chinese by Amberon11: 6:47pm On Oct 13, 2016 |
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