US Investors to Turn Administrative Capital Into Smart City

US Investors to Turn Administrative Capital Into Smart City

Several US tech companies are willing to contribute to turning the New Administrative Capital into a smart city, Invest-Gate reports.

The companies include US engineering giant General Electric and US electrical lighting supplier SESCO, according to a released statement.

This comes following a meeting between Minister of Communications and Information Technology Yasser El Kady with representatives from the US companies during his recent visit to Silicon Valley, SF, California.

The New Administrative Capital project has attracted both local and foreign investors, particularly from Saudi Arabia which has emphasized its interest in contributing to the Egyptian economy.

Egypt has recently begun construction works on the capital’s government district. The district will be built over two phases and will accommodate 100,000 citizens.

Fatma Khaled 379 Posts

An aspiring journalist always seeking to deliver the best of everyday's news. I am a very enthusiastic Egyptian who is committed to journalism and what I could give as a journalist/ writer through reporting on business and political news.

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