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FinancialNews
26-02-19
Egypt's massive tower building in new capital on track
(MENAFN) Egypt's architectural project under the Central Business District (CBD) in the new administrative capital city is on track.
China State Construction Engineering Corporation (CSCEC) is responsible for the establishment of an "Iconic Tower".
Egyptian Prime Minister Mostafa Madbouly stated "the Chinese firm carrying out this project is considered the largest construction corporation in the world, and it cooperates with a number of Egyptian companies to build the tallest tower in Africa."
Madbouly added "it's a wonderful project that will be a landmark in all Egypt and a symbol for modern Egypt."
The planned tower is part of a project to build 20 towers and skyscrapers based on a USD3 billion agreement secured back in 2017 between CSCEC and the Egyptian housing ministry.
MENAFN2602201900450000ID1098173086
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