Cairo: Housing Minister Sherief El Sherbiny and his Chinese counterpart Ni Hong have witnessed the signing of an agreement to manage and run the Central Business District of the New Administrative Capital (NAC).

According to State Information Service Egypt, this significant agreement marks a new phase of collaboration between Egypt and China, aiming to bolster the development and operational efficiency of the NAC’s Central Business District. This partnership underscores China’s growing involvement in Egypt’s ambitious urban development project, which is set to become the new administrative hub of the country.

The agreement highlights the continuing strong bilateral relations between Egypt and China, especially in the domain of infrastructure and urban planning. Both nations have been working closely on several projects, with the NAC being a centerpiece of these efforts. The Central Business District is expected to become a prime location for businesses and governmental functions, playing a pivotal role in
Egypt’s economic landscape.