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Tuesday, 16 May 2017

CFLD to invest USD 20 bn in Egypt over 10 years

China Fortune Land Development (CFLD) plans to invest USD 20 bn in Egypt over the next 10 years, according to an Investment and International Cooperation Ministry press release. The planned investments include projects in the New Administrative Capital in which it will begin a month after the contract for the project is signed. The project’s contract with CFLD is expected to be completed and signed soon, and the first phase of the project will be implemented within a year.

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