Does the collapse of talks on a USD 20 bn Chinese investment call into question Egypt’s attractiveness to foreign investors? The collapse of Egypt’s talks with China Fortune Land Development (CFLD) over the development of a USD 20 bn project in the new administrative capital “raises questions about Egypt’s ability to attract any meaningful FDI,” Bloomberg Mideast Managing Editor Alaa Shahine says. The talks over the large-scale project have reached a deadlock amid a fight over revenue sharing after two years of negotiations, the newswire had reported one day earlier. “We’re unlikely to see Chinese companies take a step back from Egypt because of the relationship between the two countries,” Shahine says, but it is still significant to note that Egypt has been unsuccessful in locking down major FDI outside the oil and gas sectors since the Arab Spring. The need for FDI is also particularly significant for Egypt to secure a sustainable source of FX once the IMF’s USD 12 bn extended fund facility ends next year, he says (watch, runtime: 1:31).