The Egyptian government is in talks with a Chinese construction company to launch an electric train linking the New Administrative Capital with Cairo, state-owned Ahram reports.
As the Egyptian-Chinese agreement to build the governmental district at the Administrative Capital failed, Egyptian contracting companies set foot into the New Capital to implement the project
Alhafda Egypt-Kuwait for Construction and Décor is to invest a sum of EGP 1 bn on residential projects at the Administrative Capital and the new cities in 2017, Al Borsa reports
The Armed Forces Engineering Authority have started implementing a mosque and a church, Saint Mark’s Cathedral, in the new Administrative Capital City at a total investment cost of EGP 400 mn, Al Borsa reported
Due to Egypt’s current economic condition following the floatation of the pound and price increase of materials and production cost, many contractors have decreased the development rate at the Administrative Capital, ...
Administrative Capital for Urban Development is currently pricing the units in preparation to market them for sale in the first quarter of 2017, sources at the Ministry of Housing, Utilities, and Urban Communities sa ...
The Administrative Capital Development Company estimated the cost of the service projects being executed by the Saudi Arabian Al Hokair Group to be EGP 500 mn, on 50 acres of land in the New Administrative Capital.
The government has approved offering lands for various activities to investors in the New Administrative Capital, according to Kamel Al Wazir, head of the Armed Forces Engineering Authority.