The Egyptian government is negotiating a deal with United World Infrastructure (UWI), a Dubai and Washington-based infrastructure, investment and development company, to help fill its funding gaps and cooperate to acquire, invest in, design, build, and operate new clusters and other real estate and infrastructure projects, Invest-Gate reports.

UWI’s Managing Director AadityaSarna told Reuters that the firm is in the process of negotiating to work on projects in Egypt.

“We are in discussions with being part of the new economic initiatives around Cairo,” Sarna says.

He adds that the project will be an “economic cluster” and includes urban renewal, extending Cairo, building an annexure to Cairo, and a new township.

“We are in discussion stage with the size of the land,” he says. “Our minimum size would be 2,000 acres. The size of the investment would be definitely in excess of USD 500 mn.”

Once the deal is clinched, UWI will start designing the cluster’s master plan, Sarna says.