China’s CFLD Plans to Invest USD 20 bn in Egypt Halted: Officials

Officials in charge of delivering a USD 20 bn development in the New Administrative Capital (NAC) said two years of talks with China Fortune Land Development (CFLD) have halted following financial disagreements be ...

Hill International Seeks to Manage New Administrative Capital

US-based Hill International, a real estate management firm, is in negotiations with the Egyptian Armed Forces Engineering Authority over managing the development of the New Administrative Capital, according to Waleed ...

CFLD to Discuss Capital City Land Pricing with Housing Ministry

Representatives from China Fortune Land Development (CFLD) will be meeting with the Egyptian Ministry of Housing, Utilities, and Urban Communities in the upcoming days to discuss the pricing for the first phase of la ...

China and Egypt Joint Projects Total $7.5 bn

The total value of the joint projects between Egypt and China currently underway amounts to $7.5 bn, according to the Cabinet’s Spokesperson Hossam El Qawish.

China Finances New Administrative Capital

A Chinese construction company, China Fortune Land Development, will invest $20 billion in Egypt’s New Administrative Capital.

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