The actualization of Egypt's new capital city got push forward with the announcement that the multi-billion dollar project will majorly be funded by Chinese developers.
The China Fortune Land Development Company (CFLD) agreed to provide $20 billion for the currently unnamed city, following a meeting between heads of the firm and Egyptian President Abdel Fattah El Sisi.
This is after a previous commitment of $15 billion from another Chinese state-owned company, bringing the project close to its $45 billion budget requirements for phase I.
The Plans for the new capital were initially revealed in March 2015. The project as described by Government officials is a solution to crowding, pollution and rising house prices in Cairo.
The new city will create more places to live, work, relax and a vacation destination.
source:http://www.voiceofaudacity.com/2016/10/egypt-is-getting-new-capital-courtesy.html

cc:lalasticlala mynd44

Ok