The Pyramids of Giza on the southwestern outskirt of the Egyptian capital Cairo as of February 28, 2018. Photo: Agence France-Presse
The Pyramids of Giza on the southwestern outskirt of the Egyptian capital Cairo as of February 28, 2018. Photo: Agence France-Presse
Belt and Road Initiative
Business /  China Business

China’s US$20 billion project to develop a new capital for Egypt falls through amid discord over how to share revenue

  • The project was to develop 15,000 acres (6,070 hectares) over 25 years in the new capital, east of Cairo
  • Phase One of the project was due for completion in mid-2019

Bloomberg
Bloomberg

Updated: 11:49am, 17 Dec, 2018

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The Pyramids of Giza on the southwestern outskirt of the Egyptian capital Cairo as of February 28, 2018. Photo: Agence France-Presse
The Pyramids of Giza on the southwestern outskirt of the Egyptian capital Cairo as of February 28, 2018. Photo: Agence France-Presse
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