$15bn invested in new Egyptian capital

17 May 2016

Plans to create a new administrative and business capital for Egypt in the desert are a step closer to reality with the announcement of $15bn of Chinese investment in the project.

In March Egyptian president Abdel Fattah Al Sisi announced that the new capital would be built on 270 square miles of land near Cairo within five to seven years at a cost of $45bn.

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