Prime Minister Dr. Mostafa Madbouly chaired a meeting to review proposals from the Cairo International Financial Center (CIFC) for the management of the Financial and Business District in the New Capital. The meeting was attended by Minister of Housing, Utilities, and Urban Communities Eng. Sherif El-Sherbini, along with CIFC representatives Mr. Raoul Alos Thomas, Mr. Hisham Kaddoura, and Mr. Salah Al-Nasser, Invest-Gate reports.

Madbouly noted that construction works in the Central Business District have been completed, with the government now exploring partnerships with the private sector for its management. He added that Egypt aims to establish two business zones: one in the New Capital and another in Ras El-Hekma, alongside drafting a new law for the governance of financial and business districts to be presented to the next parliament.

During the discussions, Al-Nasser emphasized CIFC’s interest in promoting and managing the Financial District. Kaddoura highlighted the district’s importance as a promising investment hub for companies specializing in finance and business services. Thomas outlined CIFC’s expertise across financial and investment sectors, stressing the district’s potential to support investment and link Egypt and Africa with global markets.

Madbouly expressed his anticipation for continued coordination with CIFC to refine details of the proposal. CIFC representatives, in turn, praised the Egyptian government’s enthusiasm and affirmed their commitment to ongoing cooperation with the relevant authorities.

El-Sherbini also reiterated the ministry’s readiness to maintain close engagement with CIFC, underlining the importance of detailed discussions to advance the partnership.

The meeting reflects Egypt’s broader vision to position the New Capital as a regional hub for finance and business, enhancing the country’s role in connecting regional and international markets.