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International Cooperation Minister Sahar Nasr
Cairo - Egypt Today
President Sisi held a meeting on Tuesday with Investment and International Cooperation Minister Sahar Nasr and Housing Minister Mostafa Madboli in the presence of Prime Minister Sherif Ismail.
Sisi underscored the importance of finalizing projects in new cities in due time. Such projects should provide high-quality services for citizens, the president said.
The meeting touched on an offer by the China Fortune Land Development (CFLD) to establish factories in the New Administrative Capital within five years at investments that amount to $4 billion.
The Chinese company is also planned to establish a smart village and an integrated industrial zone over an area of 7,319 feddans in the administrative capital.
The CFLD's investments will help create 230,000 job opportunities for the youth in the coming 10 years. (MORE)
Source: Mena
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