Egypt’s government is racing to complete construction of the New Administrative Capital in record time and wrap up ongoing projects such as the central business district, which is being constructed by China State Construction Engineering Corporation (CSCEC).
Egyptian Prime Minister and Housing Minister Mostafa Madbouli on Friday met with Hao Peng, a member of the ruling party and secretary of State-owned Assets Supervision and Administration Commission of the State Council (SASAC), along with the Chinese Ambassador to Cairo Song Aiguo and the Chairman of the CSCEC, Guan Qing.
“We have been able to put the central business district project into construction after spending a long period of negotiations,” Madbouli said, adding “I have a keen interest in establishing this project, and I am convinced of the company’s ability to execute it.”
“I expect to see a Chinese miracle achieved here and that the construction rates would exceed those of any other company, keeping in line with the ability of the CSCEC, which is one of the largest construction companies in the world,” Madbouli said.
He also said that President Abdel Fattah al-Sisi announced several days ago that the year 2020 would see the inauguration of the New Administrative Capital and other projects and cities.
Madbouli pointed out that the business district includes 20 towers, including the highest tower in Africa with a height of 385 meters, and this project is a major civilizational shift, and will provide thousands of jobs.
Edited translation from Al-Masry Al-Youm