A Belarus delegation is expected to visit Egypt soon in order to scout investment opportunities in the New Administrative Capital, Invest-Gate reports.
The announcement of the visit comes as part of a meeting between Minister of Housing Mostafa Madbouly and Belarus ambassador in Egypt Sergei Rachkov. The Belarus delegation also plans to cooperate with Egypt’s Arab Contractors and be acquainted with investment opportunities in Badr City’s social housing projects.
Madbouly has discussed investment opportunities with the Chairman of one of the largest construction and holding companies in Belarus and an affiliate to Belarus’s Ministry of Development, according to a released statement.
The company is known for building social housing projects, factories, infrastructure projects, and electricity stations in Latin America.
The Housing Ministry’s Technical Assistant Khaled Abbas gave a brief about Egypt’s ongoing housing projects, including the New Administrative Capital, Al Alamein City, East Port Said, Upper Egypt, as well as the renovation of unsafe slum areas.