Back to the complete issue
Wednesday, 12 August 2020

Egypt’s gov’t to be ready for a move into the new capital next summer

Government buildings will officially be ready for their move to the new administrative capital next summer, with work on the government district scheduled to be completed by 30 June 2021, Armed Forces Engineering Authority boss Ehab El Far said, according to a cabinet statement. A building that will host the newly reinstated Senate is also due for inauguration on the same date. Other work within the district is 86% complete and will wrap up on or before 30 September 2020 — including work on 34 ministries, the lower house of parliament, a cabinet building, a building that will house the Administrative Control Authority, and a portion of the so-called “green river.”

Background: President Abdel Fattah El Sisi earlier this year postponed to 2021 the planned relocation of government offices to the new administrative capital due to the covid-19 outbreak. The move to the new capital was previously scheduled to happen last June.

When can residents move in? Residential districts R2 and R3 are currently 79% and 89% complete, and are expected to be entirely ready by no later than 31 December, El Far said. Districts R2 and R3, meanwhile, are over 60% complete, and are slated for inauguration by the end of April of next year. The city’s main hospital is also expected to be completely built before 31 March 2021.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.