Egypt, China sign agreement to establish governmental district
Saturday، 20 August 2016 - 12:35 PM
Housing Minister Moustafa Madbouli and CEO of the New Administrative Capital Company for Real Estate Development Ayman Ismail signed a letter of intent with the China State Construction Engineering Corporation to start working on setting up a governmental district in the new administrative capital.
During the signing ceremony, Ismail said the signing of the letter of intent is important to start working on one of the main elements of the project with one of the largest construction companies in the world.
"This will offer a big chance to transfer the expertise of the giant Chinese company to the Egyptian construction sector," he said.
For his part, the Chinese official expressed his pleasure about the operation of the company in Egypt, wishing success for the project.