Egypt to create a new investment zone
The Egyptian government has announced plans to create a new investment zone. According to Egyptian Minister of Housing and Urban Development Ibrahim Soliman, the new area is located on the Cairo-Alexandria Desert Road. Project proposals are to be submitted to the Cabinet.
In other developments, the Housing committee is reviewing plans for an electric train line to run from Cairo to new urban areas. The Ministries of Housing and Transportation will conduct a study to select the best of 30 international tenders to execute the project on a BOT basis. — (Prime Securities S.A.E.)
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